Palm Bay, FL Housing Market
The Palm Bay housing market is somewhat competitive. Homes in Palm Bay receive 1 offers on average and sell in around 75 days. The median sale price of a home in Palm Bay was $334K last month, up 0.4% since last year. The median sale price per square foot in Palm Bay is $194, up 1.0% since last year.
Palm Bay Housing Market Trends
In April 2024, Palm Bay home prices were up 0.4% compared to last year, selling for a median price of $334K. On average, homes in Palm Bay sell after 75 days on the market compared to 67 days last year. There were 280 homes sold in April this year, down from 307 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Palm Bay housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 68 days.
- Hot homescan sell for around list price and go pending in around 26 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 50 days.
- Hot homescan sell for around list price and go pending in around 19 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 59 days.
- Hot homescan sell for around list price and go pending in around 30 days.
Palm Bay Migration & Relocation Trends
- Across the nation, 0.39% of homebuyers searched to move into Palm Bay from outside metros.
- Miami homebuyers searched to move into Palm Bay more than any other metro followed by Orlando and New York.
- 59% of Palm Bay homebuyers searched to stay within the Palm Bay metropolitan area.
- Asheville was the most popular destination among Palm Bay homebuyers followed by Greenville and Knoxville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 554 | ||
2 | 537 | ||
3 | 308 | ||
4 | 238 | ||
5 | 155 | ||
6 | 142 | ||
7 | 135 | ||
8 | 99 | ||
9 | 88 | ||
10 | 78 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 25 | ||
2 | 19 | ||
3 | 12 | ||
4 | 12 | ||
5 | 8 | ||
6 | 7 | ||
7 | 7 | ||
8 | 6 | ||
9 | 6 | ||
10 | 5 |
View houses in Palm Bay that sold recently
Recently sold homes
- $22,500 Last Sold Price—beds—baths—sq ft764 Laika Rd, Palm Bay, FL 32908List Price$24,900Sale to List10% under listDays on Market630 days764 Laika Rd, Palm Bay, FL 32908
- $274,000 Last Sold Price2 beds2 baths919 sq ft1430 Creel Rd NE, Palm Bay, FL 32905List Price$274,000Sale to List0% over listDays on Market97 days1430 Creel Rd NE, Palm Bay, FL 32905
- $240,000 Last Sold Price3 beds2 baths1,588 sq ft531 Karney Ave NE, Palm Bay, FL 32907List Price$259,000Sale to List7% under listDays on Market152 days531 Karney Ave NE, Palm Bay, FL 32907
- $269,990 Last Sold Price4 beds2 baths1,304 sq ft441 Haskell Ave SE, Palm Bay, FL 32909List Price$269,990Sale to List0% over listDays on Market48 days441 Haskell Ave SE, Palm Bay, FL 32909
- $13,500 Last Sold Price—beds—baths—sq ft1965 Andicola Ave SW, Palm Bay, FL 32908List Price$13,999Sale to List4% under listDays on Market56 days1965 Andicola Ave SW, Palm Bay, FL 32908
- $12,990 Last Sold Price—beds—baths—sq ft2395 Pinsapo Ave SW, Palm Bay, FL 32908List Price$13,990Sale to List7% under listDays on Market60 days2395 Pinsapo Ave SW, Palm Bay, FL 32908
- $350,000 Last Sold Price5 beds3 baths2,642 sq ft2889 Tishman Rd SE, Palm Bay, FL 32909List Price$365,000Sale to List4% under listDays on Market58 days2889 Tishman Rd SE, Palm Bay, FL 32909
- $334,990 Last Sold Price3 beds2 baths1,552 sq ft1435 Deming Dr SE, Palm Bay, FL 32909List Price$334,990Sale to List0% over listDays on Market219 days1435 Deming Dr SE, Palm Bay, FL 32909
See all recently sold homes in Palm Bay.
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Schools in Palm Bay
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Gemini Elementary School Public • PreK-6 | 426 Students | 9 reviews |
7/10 Westside Elementary School Public • PreK-6 | 667 Students | 14 reviews |
6/10 Port Malabar Elementary School Public • PreK-6 | 649 Students | 9 reviews |
6/10 Sunrise Elementary School Public • PreK-6 | 699 Students | 11 reviews |
6/10 Jupiter Elementary School Public • PreK-6 | 679 Students | 14 reviews |
Climate's impact on Palm Bay housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palm Bay.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Extreme
Wind Factor
Wind likelihood over time
Heat Factor - Extreme
Heat Factor
Transportation in Palm Bay
Walk Score®
Bike Score®
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