Village of Palmetto Bay 33158

Miami-dade County, FL · 2,422 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

23affordability /100

Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
46.5%
severe
Days on market
115
daily
Price cuts
24.9%
of active
Valuation
-27.8%
vs assessor
Look up an address
37
/100
Weak
warming · balanced · prices rising year-over-year.
Price trend
62
Affordability
10
Valuation
50
Economic health
23

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

82/ 100SellerBalancedBuyer
Strong Buyer's Market
Needs 35.5% correction for affordability
DOM: 70d (falling) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)100
Valuation Gap (25%)80
Supply & Demand (20%)40
Buy vs Rent (15%)100
Cancellation Rate (10%)100
Days on Market (5%)75

Strong buyer leverage in 33158. If you must buy now, offer 10-15% below list price. Payment burden: 46.6% of median income. A 25% price correction needed to reach 30% affordability threshold. Median days on market: 70. Renting is approximately 189% cheaper than buying (price-to-rent ratio: 34.7). Market appears 16% overpriced vs. assessed values.

What to Offer

Offer 10-15% below list price. Sellers are under pressure.

Conditions most similar to late 2007 — overvaluation without corresponding income growth. Significant correction potential.
WARMINGBALANCED

Market is warming with rising prices. Conditions are balanced between buyers and sellers.

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Market snapshoteach number, once

Median price
$1,384,307
▴ 1.6% YoY
Days on market
115
daily · zip_data
Median rent
$3,321
ZORI
Investor score
33/100
cash-flow lens
Active listings
39
90-day

Valuation3 lenses, different anchors

vs assessor
-27.8%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$998,996
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+84.7%
County-wide market — the widest, slowest signal.
Miami-Dade+84.7%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$353
Price-to-income7.7×

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How 33158 ranks in FL
percentile vs all Florida ZIPs · n=1098
Market velocity11%
Supply tightness85%
Affordability8%
Investment yield3%
Appreciation88%

Affordability, supply & momentum

41SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply5.2 mo
Days on Market115d
Inv vs History-8.8%
Listing Density18.0/1k
Affordability — payment burden
Monthly payment (P&I)$6,993
Payment burden46.5%
Median income · ZIP$180,357
Mortgage rate6.49% · 30yr
Total monthly own$8,377
Monthly rent$3,321
Market dynamics
Price cut %24.9%
Momentumwarming
LeverageBALANCED
Months of supply5.2
Sales (90d)0
Investment analysis
Median rent$3,321
Price-to-rent34.7
Est. cap rate1.9%
Buy vs rentfavors renting

Livability

Walk score5
Transit score3
Bike score

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Miami-dade County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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