In September 2019, there were 51 homes sold, with a median sale price of $520,000 - a 0.6% increase over the $517,000 median sale price for the same period of the previous year. There were 59 homes sold in Palmetto Bay in September 2018.
The median sales tax in Palmetto Bay for the most recent year with available data, 2015, was $4,460, approximately 0.9% of the median home sale price for September 2019.
The following table compares Palmetto Bay to other Miami-Dade County cities with similar median sales prices in September 2019:
| City | Sept. 2019 Home Sales | Sept. 2018 Home Sales | % change (Total Home Sales) | Sept. 2019 Median Sales Price | Sept. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Key Biscayne | 17 | 17 | 0% | $785,300 | $655,000 | 19.9% |
| Bal Harbour | 12 | 9 | 33.3% | $760,000 | $520,000 | 46.2% |
| Pinecrest | 39 | 21 | 85.7% | $740,000 | $640,000 | 15.6% |
| Coral Gables | 71 | 69 | 2.9% | $600,000 | $595,000 | 0.8% |
| Miami Shores | 20 | 38 | -47.4% | $532,800 | $597,500 | -10.8% |
| Palmetto Bay | 51 | 59 | -13.6% | $520,000 | $517,000 | 0.6% |
| El Portal | 7 | 11 | -36.4% | $454,000 | $410,000 | 10.7% |
| Surfside | 4 | 10 | -60% | $450,000 | $565,000 | -20.4% |
| Miami Lakes | 32 | 34 | -5.9% | $441,000 | $349,000 | 26.4% |
| South Miami (unincorporated) | 23 | 29 | -20.7% | $430,000 | $245,000 | 75.5% |
| Biscayne Park | 4 | 5 | -20% | $402,500 | $530,000 | -24.1% |
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