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Palm Bay

Why you'd want to live in Palm Bay

Palm Bay, located along Florida’s Space Coast, is an appealing option for those seeking a blend of natural beauty and suburban comfort. The city is known for its proximity to both the beach and nature preserves, offering residents easy access to outdoor activities like fishing, hiking, and boating. Palm Bay has a family-friendly atmosphere with a range of schools, parks, and community centers, making it attractive to those with children. The cost of living is relatively affordable compared to other parts of Florida, and the city has been growing steadily, meaning it benefits from modern amenities and infrastructure while maintaining a more laid-back, less urban feel.

Palm Bay Market Report

$289,708

AVERAGE PRICE OF 2,443 HOMES

$285,462

AVERAGE PRICE OF 36 DISTRESSED HOMES

$2,969,454

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$361,206

AVERAGE PRICE OF 805 NEWLY BUILT HOMES

$444,532

AVERAGE PRICE OF 145 HOMES WITH A POOL

$332,091

AVERAGE PRICE OF 109 REDUCED PRICE HOMES

Average Home

Average Price $289,708
Avg Bedrooms 1.88 beds
Avg Bathrooms 1.28 baths

Average Price by Bedrooms

1 bedroom $143,361
2 bedrooms $198,337
3 bedrooms $340,057
4 bedrooms $423,692
5 bedrooms $523,361
Palm Bay Home Price Trends
  4/2025 3/2025 2/2025 1/2025 12/2024
Total Listings 2,800 2,772 2,722 2,503 2,523
Average Price $275,574 $272,337 $275,773 $276,661 $275,395
Avg Price Change +1.19% -1.26% -0.32% +0.46% -1.20%
Median Price $265,645 $269,389 $273,236 $270,952 $268,856
Med Price Change -1.41% -1.43% +0.84% +0.78% -0.95%
Avg Bedrooms 1.9 beds 1.91 beds 1.87 beds 1.8 beds 1.72 beds
Avg Bathrooms 1.28 baths 1.28 baths 1.25 baths 1.2 baths 1.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 1,191 $275,275 125 days
Total Homes Average Price Avg Days on Site
All Homes 2,443 $289,708 129 days
Distressed Homes 36 $285,462 72 days
Multi-Million Dollar Homes 24 $2,969,454 251 days
Newly Built Homes 805 $361,206 99 days
Homes with a Pool 145 $444,532 75 days
Reduced Price Homes 109 $332,091 96 days
ONE Sotheby's International Realty
Allison Castro
301 Ocean Avenue
Melbourne Beach, FL 32951
772-281-7682
Jennifer Kline
4780 Dairy Road, Suite 101
Melbourne, FL, 32904
321-684-1975

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