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Foreclosure Homes in Palmetto Bay, FL

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Palmetto Bay, FL Foreclosures

Current Market Conditions in in Palmetto Bay, FL As of April 2026?
Over the past month, the real estate market in Palmetto Bay has seen a slight increase in home sales as interest rates stabilize. Compared to previous months, there has been a resurgence of families and first-time homebuyers entering the market, driven by favorable economic conditions and the appeal of the community. The average time on market for homes has decreased, highlighting increased competition among buyers.
How much do homes sell for in Palmetto Bay, FL?
The average home price is currently $1,120,717.
In Palmetto Bay, FL, how many homes are available?
There are currently 51 active home listings available in Palmetto Bay.
What’s the average rental cost in Palmetto Bay, FL?
The average rental price in Palmetto Bay is $2,902.
What is the most expensive home in Palmetto Bay?
The most expensive home sold in Palmetto Bay had a price of $12,099,503.
What is currently the cheapest priced home in Palmetto Bay, FL?
The cheapest home for sale in Palmetto Bay is priced at $27,544.

Living in Palmetto Bay, FL

Palmetto Bay is a vibrant suburban community located in Miami-Dade County, known for its beautiful parks, excellent schools, and family-friendly atmosphere. The area features a rich selection of dining options and shopping destinations, making it ideal for residents of all ages. The proximity to the ocean provides opportunities for outdoor activities and recreation, contributing to the appealing lifestyle in Palmetto Bay.

Buyer vs Seller Market in Palmetto Bay, FL

The real estate market in Palmetto Bay is currently experiencing growth, with a steady increase in home values and demand for single-family homes. The area's desirable location, reputable school system, and community-oriented lifestyle are driving factors for buyers looking to invest in the housing market.

Despite market fluctuations in other parts of Miami-Dade County, Palmetto Bay remains resilient, with properties appreciating in value, making it an attractive option for both home buyers and investors.

Home Value Estimator For Palmetto Bay, FL

There are currently 8,100 real estate properties in Palmetto Bay, FL, with a median automated valuation model (AVM) price of $1,107,870.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palmetto Bay, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palmetto Bay, FL, is $1,120,717.00, with the most expensive house in Palmetto Bay, FL, topping out at $12,099,503.00 and the cheapest home in Palmetto Bay, FL, clocking in at $27,544.00. In other words, there’s something for every potential homebuyer or savvy investor in Palmetto Bay, FL!

Rent Prices In Palmetto Bay, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palmetto Bay, FL, is on a rollercoaster ride. The average rent price in Palmetto Bay, FL, is $2,902.00. Indeed, when looking to rent in Palmetto Bay, FL, you can expect to pay as little as $880.00 or as much as $4,540.00, with the average rent median estimated to be $2,860.00. The good news is that finding an affordable and desirable property to rent in Palmetto Bay, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Palmetto Bay, FL Foreclosures

Market Trend for Palmetto Bay, FL

Total Listings Available: 51

Market Values:

Home Prices from $27,544 to $12,099,503

Average Sales Price: $1,120,717

Rental Values:

Rental from $880 to $4,540

Average Rent Value: $2,902 / month

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