In April, there were three homes sold, with a median sale price of $875,400 - a 30.7 percent increase over the $670,000 median sale price for the same period of the previous year. There were 61 homes sold in Palmetto Bay in April 2021.
The median sales tax in Palmetto Bay for the most recent year with available data, 2019, was $4,991, approximately 0.6 percent of the median home sale price for April.
The following table compares Palmetto Bay to other Miami-Dade County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sunny Isles Beach | 8 | 119 | -93.3 | $1,195,000 | $425,000 | 181.2 |
| Aventura | 8 | 223 | -96.4 | $1,150,000 | $325,000 | 253.8 |
| Miami Shores | 4 | 36 | -88.9 | $1,100,000 | $780,000 | 41 |
| Kendall | 6 | 132 | -95.5 | $1,000,000 | $322,750 | 209.8 |
| Biscayne Park | 1 | 6 | -83.3 | $975,000 | $665,000 | 46.6 |
| Palmetto Bay | 3 | 61 | -95.1 | $875,400 | $670,000 | 30.7 |
| Sweetwater | 1 | 11 | -90.9 | $835,000 | $244,000 | 242.2 |
| Miami Lakes | 1 | 35 | -97.1 | $816,000 | $436,000 | 87.2 |
| Miami (unincorporated) | 22 | 725 | -97 | $782,500 | $331,000 | 136.4 |
| North Bay Village | 1 | 29 | -96.6 | $690,000 | $330,000 | 109.1 |
| Miami Springs | 3 | 18 | -83.3 | $550,000 | $442,500 | 24.3 |
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