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Palm Bay

Why you'd want to live in Palm Bay

Palm Bay is Brevard County's largest city both by land and populous. Home to many of the nation's top engineering firms, Palm Bay is the fastest growing city in the county, too. With new community projects developing daily as well as a plethora a shopping choices, dining, and entertainment, this area has all you can ask for as the next place you call "home".

Palm Bay Market Report

$309,832

AVERAGE PRICE OF 1,595 HOMES

$211,220

AVERAGE PRICE OF 14 DISTRESSED HOMES

$1,449,500

AVERAGE PRICE OF 4 MULTI-MILLION DOLLAR HOMES

$363,470

AVERAGE PRICE OF 689 NEWLY BUILT HOMES

$367,592

AVERAGE PRICE OF 220 HOMES WITH A POOL

$353,200

AVERAGE PRICE OF 89 REDUCED PRICE HOMES

Average Home

Average Price $309,832
Avg Bedrooms 2.15 beds
Avg Bathrooms 1.4 baths

Average Price by Bedrooms

1 bedroom $137,350
2 bedrooms $193,642
3 bedrooms $349,995
4 bedrooms $374,737
5 bedrooms $488,526
Palm Bay Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 1,616 1,564 1,486 1,459 1,470
Average Price $312,807 $315,140 $312,622 $315,214 $318,313
Avg Price Change -0.75% +0.81% -0.83% -0.98% +1.37%
Median Price $286,066 $288,982 $286,562 $288,293 $291,425
Med Price Change -1.02% +0.84% -0.60% -1.09% +1.11%
Avg Bedrooms 2.17 beds 2.18 beds 2.16 beds 2.09 beds 2.16 beds
Avg Bathrooms 1.4 baths 1.39 baths 1.38 baths 1.31 baths 1.36 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 543 $367,406 97 days
Heritage 374 $349,392 85 days
Melbourne 3 $768,000 77 days
Not Verified 2 $305,990 119 days
Palm Bay 307 $298,500 72 days
Palm Bay Magnet High 9 $356,208 71 days
Viera High School 5 $63,325 715 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,595 $309,832 175 days
Distressed Homes 14 $211,220 46 days
Multi-Million Dollar Homes 4 $1,449,500 194 days
Newly Built Homes 689 $363,470 143 days
Homes with a Pool 220 $367,592 83 days
Reduced Price Homes 89 $353,200 49 days
Burke Group Real Estate
1450 N Courtenay Pkwy, Ste. 47
Merritt Island, FL 32953
321-610-4648

The information displayed on this website comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate listings held by brokerage firms other than Charles Burke - Burke Real Estate Group in Florida are marked with the Broker Reciprocity thumbnail. Copyright 2023 Space Coast Association of REALTORS®, Inc. All rights reserved.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
mls logo© 2023 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.12/5/2023 6:51 PM CST
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