How much do homes in Palm Bay, FL cost?

Median List Price

$243,798

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$35,512(+17.0%)

Key Takeaway

The list price of homes in Palm Bay has increased by 17% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $86.4K$87.9K+1.7%
2 $129.9K$144.9K+11.5%
3 $195K$234K+20.0%
4 $247.1K$275.8K+11.6%
5+ $310K$349K+12.6%

Median List Price Compared To Nearby Cities

Grant-Valkaria
+18.9%
Palm Bay
+17.0%
Malabar
+14.0%
West Melbourne
+14.0%
West Brevard
+4.0%

How many homes are available in Palm Bay, FL?

Number of Homes For Sale

Jul 2021Aug 2021%
1,0731,032-3.8%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 02+100.0%
2 8985-4.5%
3 562554-1.4%
4 377348-7.7%
5+ 4543-4.4%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
135 Days96 Days-29.1%

Breakdown of Home Sale Times

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Key Takeaway

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About Palm Bay, FL

Palm Bay, FL has 1,032 homes for sale to choose from. The inventory of homes for sale in Palm Bay, FL between July 2021 and August 2021 decreased by 3.8%. In August 2021 median list price was $243,798 and the average listing age was 96 days. From July 2021 through August 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 1.7% more expensive, prices of 2 bedrooms properties increased by 11.5%, prices of 3 bedrooms properties increased by 20%, prices of 4 bedrooms properties went up by 11.6%, prices of 5 bedrooms properties went up by 12.6%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went down by 4.5%, 3 bedrooms homes became 1.4% less available, volume of 4 bedrooms homes went down by 7.7%, the quantity of 5 bedrooms homes went down by 4.4%. Palm Bay, FL housing market in August 2021 saw over 111 listings sold above listed price, more than 75 sold at listed price and over 68 sold below.

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