Palmetto Estates, FL housing market

The median sale price in Palmetto Estates, FL was $520K in May 2026, down 19.1% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $573K, firming from $543K across the three months before that. That puts prices 14.8% below the strongest three-month stretch on record here, which ended in Jan 2025 at $673K.

Buyers had 25 homes to choose from in May 2026, down 30.6% year over year (Redfin). At the current sales pace that standing inventory works out to 3.1 months of supply; convention treats four to six months as a balanced market, which puts Palmetto Estates, FL on the sellers' side of that line. 14 homes came to market in May 2026, down 12.5% year over year, against 8 closings. Homes that sold in May 2026 took a median of 50 days to go under contract, 8 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 12% settled above asking, and the average sale landed at 94% of its final list price. 8% of listings carried a price cut in May 2026.

This page tracks 9 monthly housing series for Palmetto Estates, FL — median sale price, inventory (active), median days on market, months of supply, homes sold, new listings, and more — sourced from Redfin, running from Aug 2016 through May 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.