The Palm Bay housing market is somewhat competitive. Homes in Palm Bay receive 1 offers on average and sell in around 76 days. The median sale price of a home in Palm Bay was $330K last month, up 1.2% since last year. The median sale price per square foot in Palm Bay is $187, up 0.5% since last year.
What is the housing market like in Palm Bay today?
In March 2024, Palm Bay home prices were up 1.2% compared to last year, selling for a median price of $330K. On average, homes in Palm Bay sell after 76 days on the market compared to 73 days last year. There were 277 homes sold in March this year, down from 365 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$329,900
+1.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Palm Bay, FL
$329,900
+1.2%
United States
To compare other locations to the Palm Bay and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Palm Bay add value to a home.
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?
Palm Bay is somewhat competitive. Homes sell in 65 days.
0
100
42
Somewhat Competitive
Redfin Compete Score™
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 65 days.
Hot homes
can sell for around list price and go pending in around 28 days.
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.
Home offer insights for Palm Bay
Explore recent offers and recently sold homes in Palm Bay
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Gemini Elementary School
Public • PreK-6 • Choice school
468
Students
8 reviews
7/10
Westside Elementary School
Public • PreK-6 • Choice school
769
Students
13 reviews
6/10
Port Malabar Elementary School
Public • PreK-6 • Choice school
688
Students
9 reviews
6/10
Sunrise Elementary School
Public • PreK-6 • Choice school
820
Students
11 reviews
6/10
Jupiter Elementary School
Public • PreK-6 • Choice school
728
Students
14 reviews
Only showing 5 of
17 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palm Bay has a moderate risk of flooding. 7,037 properties in Palm Bay are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in Palm Bay. Flood risk is increasing slower than the national average.
49% of properties are at risk of wildfire over the next 30 years
Fire Factor
Palm Bay has a moderate risk of wildfire. There are 38,907 properties in Palm Bay that have some risk of being affected by wildfire over the next 30 years. This represents 49% of all properties in Palm Bay.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Palm Bay has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palm Bay is most at risk from hurricanes. 78,846 properties in Palm Bay have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 205 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 220 mph.