Photo: Ivan Curra · CC BY-SA 3.0102 homes sold in Palmetto Estates in the last year, at a typical $578K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Palmetto Estates homes are listed.
Every place Palmetto Estates homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Palmetto Estates.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Palmetto Estates’ sales, at a typical $580K (year to May 2026)
102 homes sold in the year to September 2026.
typical sale · 111 sold in the year to May 2026
- Per square foot
- $379FL $245
- Days to sell
- 65
- Sold over asking
- 17%
- Listings with a price cut
- 23%
Multi-family (2–4 units): 1 sold, typical $905K
Condos: 1 sold, typical $177K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 2.4 times the 2016 price
102 sales in the last year, against 157 in 2015 and a low of 89 in 2024. The typical sale went from $240K in 2016 to $578K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $600K buys in Palmetto Estates
Check a listing against what Palmetto Estates homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Palmetto Estates are rarer than before the pandemic, with about as many homes for sale
We read every month of Palmetto Estates’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 102 sales.
If you’re buying in Palmetto Estates
- Shop in August. It brings about 14 new listings a month, close to the busiest month, with fewer bidding wars (21% over asking).
- Offer under asking. Buyers paid 96.4% of the list price on average; 10% paid over.
- You’ll usually have time. Only 26% of homes go under contract within two weeks; the typical one takes 67 days.
Spring brings the homes; winter brings the bidding wars
March has the most new listings (about 15 a month), but February is the most competitive: 35% of February sales close over asking. July and August offer nearly as much choice with fewer homes bid up (24%). December has the least competition (17%) but only about 8 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| Palmetto Estates now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 10% | 23% | 44% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 26% | 30% | 52% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 96.4% | 97.9% | 99.3% | 96.4% |
| Days to sellMedian days from listing to contract | 67 | 36 | 43 | 75 |
30 homes for sale on a typical day
That’s 1.7 times the 2021 low (18), about the 2017–19 level and well under 2014’s 47.
Palmetto Estates ranks 233rd of 542 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Palmetto Estates is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Palmetto Estates home costs about $3,311 a month
Price: Palmetto Estates’ typical sale, last 12 months. Property tax at Palmetto Estates’ 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Palmetto Estates is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 8.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $578K home, about $3,540 a year.
Taxes vs. neighborsSchools
The schools grade for Palmetto Estates, from test results, graduation and how much students grow.
Schools in Palmetto EstatesTypical commute
The average one-way trip to work for people who live in Palmetto Estates.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
West Perrine, Three Lakes and South Miami Heights sell for less a square foot; Palmetto Bay for far more
The busier markets within 25 miles of Palmetto Estates, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Kendall | 755 | $553K | $371 | 6% | 69 |
| Palmetto Bay | 323 | $1.1M | $487 | 4% | 99 |
| South Miami Heights | 233 | $546K | $364 | 13% | 77 |
| Three Lakes | 138 | $533K | $316 | 10% | 96 |
| Richmond Heights | 114 | $501K | $382 | 14% | 57 |
| Palmetto Estates | 102 | $578K | $377 | 10% | 67 |
| West Perrine | 96 | $508K | $336 | 14% | 101 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Palmetto Estates, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Palmetto Estates. People who follow the town see it, and so do people comparing Palmetto Estates with their own town. No commission, no listing fee.
Questions about buying a home in Palmetto Estates
What do homes sell for in Palmetto Estates, FL?
102 homes sold in the year to September 2026 at a typical $578K, $377 a square foot.
Is Palmetto Estates a buyer’s or seller’s market?
A balanced market: 35 homes were for sale in September 2026 and 8 sold, about 4.4 months of supply. Buyers paid 96.4% of asking on average.
When is the best time to buy in Palmetto Estates?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Palmetto Estates?
About 0.6% of a home’s value a year. On a $578K home that’s near $3,540.
Where can I see homes for sale in Palmetto Estates?
Zillow, Redfin, Realtor.com and Homes.com all carry Palmetto Estates’ MLS listings; the search links above open each one filtered to Palmetto Estates.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).