All Home Types
Palmetto Bay, FL Housing Market
What is the housing market like in Palmetto Bay today?
In January 2025, Palmetto Bay home prices were up 12.5% compared to last year, selling for a median price of $1.1M. On average, homes in Palmetto Bay sell after 102 days on the market compared to 86 days last year. There were 19 homes sold in January this year, down from 20 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,125,000
+12.5% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Palmetto Bay, FL
$1,125,000
+12.5%
United States
Work with the best agents in Palmetto Bay
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
Palmetto Bay Migration & Relocation Trends
In Dec '24 - Feb '25, 29% of Palmetto Bay homebuyers searched to move out of Palmetto Bay, while 71% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Palmetto Bay from outside metros.
- New York homebuyers searched to move into Palmetto Bay more than any other metro followed by San Francisco and Washington.
Where are people moving to Palmetto Bay from?
- 71% of Palmetto Bay homebuyers searched to stay within the Palmetto Bay metropolitan area.
- Cape Coral was the most popular destination among Palmetto Bay homebuyers followed by Orlando and Sarasota.
Where are people from Palmetto Bay moving to?
Number of People Moving to Palmetto Bay
least
most
People are moving to Palmetto Bay from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 5,524 | ||
| 2 | 1,975 | ||
| 3 | 1,842 | ||
| 4 | 1,579 | ||
| 5 | 999 | ||
| 6 | 953 | ||
| 7 | 707 | ||
| 8 | 405 | ||
| 9 | 166 | ||
| 10 | 141 | ||
People are leaving Palmetto Bay for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 2,930 | ||
| 2 | 1,772 | ||
| 3 | 893 | ||
| 4 | 854 | ||
| 5 | 838 | ||
| 6 | 821 | ||
| 7 | 698 | ||
| 8 | 603 | ||
| 9 | 579 | ||
| 10 | 419 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palmetto Bay.
Provided by First Street Foundation
Transportation in Palmetto Bay
Learn about the walkability, bikeability, and transit-friendliness of Palmetto Bay
Car-Dependent
Walk Score®
Some Transit
Transit Score®
Somewhat Bikeable
Bike Score®
About us
Find us
Subsidiaries
United States
CanadaCopyright: © 2025 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.