All Home Types
Palm Bay, FL Housing Market
What is the housing market like in Palm Bay today?
In October 2024, Palm Bay home prices were down 0.0015% compared to last year, selling for a median price of $330K. On average, homes in Palm Bay sell after 78 days on the market compared to 69 days last year. There were 206 homes sold in October this year, down from 219 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$329,995
-0.0015% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Palm Bay, FL
$329,995
-0.0015%
United States
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Palm Bay Migration & Relocation Trends
In Sep '24 - Nov '24, 44% of Palm Bay homebuyers searched to move out of Palm Bay, while 56% looked to stay within the metropolitan area.
- Across the nation, 0.32% 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.
Where are people moving to Palm Bay from?
- 56% of Palm Bay homebuyers searched to stay within the Palm Bay metropolitan area.
- Knoxville was the most popular destination among Palm Bay homebuyers followed by Greensboro and Johnson City.
Where are people from Palm Bay moving to?
Number of People Moving to Palm Bay
least
most
People are moving to Palm Bay from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 604 | ||
| 2 | 523 | ||
| 3 | 235 | ||
| 4 | 155 | ||
| 5 | 95 | ||
| 6 | 75 | ||
| 7 | 73 | ||
| 8 | 65 | ||
| 9 | 41 | ||
| 10 | 39 | ||
People are leaving Palm Bay for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 16 | ||
| 2 | 15 | ||
| 3 | 14 | ||
| 4 | 12 | ||
| 5 | 10 | ||
| 6 | 9 | ||
| 7 | 7 | ||
| 8 | 6 | ||
| 9 | 6 | ||
| 10 | 6 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palm Bay.
Provided by First Street Foundation
Transportation in Palm Bay
Learn about the walkability, bikeability, and transit-friendliness of Palm Bay
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