Palm Bay Market Report

$229,879

AVERAGE PRICE OF 1,059 HOMES

$174,049

AVERAGE PRICE OF 14 DISTRESSED HOMES

$269,038

AVERAGE PRICE OF 462 NEWLY BUILT HOMES

$249,026

AVERAGE PRICE OF 123 HOMES WITH A POOL

$236,955

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

$3,586,500

AVERAGE PRICE OF 2 MULTI-MILLION DOLLAR HOMES

Average Home

Average Price $229,879
Avg Bedrooms 2.42 beds
Avg Bathrooms 1.49 baths

Average Price by Bedrooms

1 bedroom $102,900
2 bedrooms $149,218
3 bedrooms $232,609
4 bedrooms $266,964
5 bedrooms $303,742
Palm Bay Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 988 1,019 1,010 783 537
Average Price $221,442 $220,351 $226,893 $227,688 $222,277
Avg Price Change +0.50% -2.97% -0.35% +2.43% +0.65%
Median Price $198,549 $199,356 $214,513 $216,163 $206,201
Med Price Change -0.41% -7.60% -0.77% +4.83% +2.67%
Avg Bedrooms 2.36 beds 2.35 beds 2.51 beds 2.51 beds 2.53 beds
Avg Bathrooms 1.46 baths 1.46 baths 1.55 baths 1.57 baths 1.59 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bayside 357 $263,395 73 days
Heritage 258 $252,035 69 days
Melbourne 1 $599,000 31 days
Palm Bay 230 $219,314 71 days
Viera High School 4 $78,750 22 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,059 $229,879 208 days
Distressed Homes 14 $174,049 203 days
Newly Built Homes 462 $269,038 121 days
Homes with a Pool 123 $249,026 127 days
Reduced Price Homes 16 $236,955 23 days
Multi-Million Dollar Homes 2 $3,586,500 218 days
Kissimmee Office
8701 Irlo Bronson Hwy Suite 200
Kissimmee, FL 34747
407-778-5977
Melbourne Office
1900 S. Harbor City Blvd, Ste #229
Melbourne, FL 32904
407-204-9198

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Ā© 2021 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.2/27/2021 6:47 AM CST
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