Palm Bay, FL, Real Estate

Palm Bay, Florida, is a vibrant city located on the east-central coast of the state, known for its scenic beauty, affordable living, and growing community. Situated along the Indian River Lagoon, it offers residents and visitors access to outdoor activities like fishing, kayaking, and hiking, with attractions such as Turkey Creek Sanctuary showcasing the area’s natural splendor. As one of the fastest-growing cities in Florida, Palm Bay blends suburban charm with urban conveniences, featuring diverse neighborhoods, a variety of dining options, and proximity to Melbourne’s beaches and cultural amenities. With a population exceeding 120,000, the city fosters a family-friendly environment and a strong sense of community, making it an appealing destination for those seeking a balance of relaxation and opportunity.

Palm Bay currently has 229 single family homes for sale with an average list price of $374,216.42, 11 townhouses for sale with an average list price of $240,082.73, 4 condos for sale with an average list price of $333,499.75, and 270 lots for sale with an average list price of $56,767.06. The average annual property tax for Palm Bay is $2,064.60.

Current Homes for Sale

Schools

School District Level Grades
Cape View Elementary School Brevard School District Elementary PK, KG-6

Schools

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Absorption Report

Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Palm Bay, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Aspire at Treasure Coast

Aspire at Treasure Coast is a single-family home community in Palm Bay, Florida, built between 2025 and 2026 by K. Hovnanian Homes. It currently has 4 single family homes for sale with an average list price of $338,694. The homes range in size from 1,363 ft2 to 1,684 ft2. The average annual property tax for Aspire at Treasure Coast is $519.33. It is located in Brevard County. ... Read more
Median Price: $323,597.50
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Bridgewater at Bayside Lakes

Bridgewater at Bayside Lakes is a single-family home community in Palm Bay, Florida, built between 2003 and 2004. It currently has no homes for sale. The homes range in size from 1,865 ft2 to 3,926 ft2. The HOA fees range from $122 to $153 per month. The average annual property tax for Bridgewater at Bayside Lakes is $2,778.97. It is located in Brevard County. ... Read more
Median Price: $410,000
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Courtyards at Waterstone

Courtyards at Waterstone is a single-family home community in Palm Bay, Florida, built between 2022 and 2023. It currently has no homes for sale. The homes range in size from 1,635 ft2 to 1,867 ft2. The HOA fees range from $55 to $600 per month. The average annual property tax for Courtyards at Waterstone is $933.34. It is located in Brevard County. ... Read more
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Cypress Bay Preserve

Cypress Bay Preserve is a single-family home community in Palm Bay, Florida, built between 2022 and 2023 by D.R. Horton. It currently has no homes for sale. The homes range in size from 1,672 ft2 to 1,828 ft2. The HOA fees range from $70 to $70 per month. The average annual property tax for Cypress Bay Preserve is $964.17. It is located in Brevard County. ... Read more
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Gardens at Waterstone II

Gardens at Waterstone II is a single-family home community in Palm Bay, Florida, built between 2023 and 2024 by KB Home. It currently has no homes for sale. The homes range in size from 1,707 ft2 to 3,203 ft2. The HOA fees range from $275 to $275 per month. The average annual property tax for Gardens at Waterstone II is $88.97. It is located in Brevard County. ... Read more
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Subdivisions

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Market Trends

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Nearby Golf Courses

Jo Daddy's Lighted Golf Course

3255 Jupiter Blvd SE, Palm Bay, FL 32909
Par 29 • 29 holes • 1470 yards

Nearby Golf Courses

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Real Estate News

Homes Just Sold in Palm Bay: February 24th to March 2nd

Homes Just Sold in Palm Bay: February 24th to March 2nd - March 3, 2026

Palm Bay had 8 sales during the week of Tuesday, February 24 to Monday, March 2, including including 6 single family homes for sale with an average list price of ... continue reading
New Homes For Sale This Week in Palm Bay: February 20th to February 26th

New Homes For Sale This Week in Palm Bay: February 20th to February 26th - February 27, 2026

Palm Bay had 14 new homes for sale during the week of Friday, February 20 to Thursday, February 26, including including 6 single family homes for sale with an average ... continue reading
New Construction Homes For Sale This Week in Palm Bay: February 18th to February 24th

New Construction Homes For Sale This Week in Palm Bay: February 18th to February 24th - February 25, 2026

Palm Bay had 2 new construction homes during the week of Wednesday, February 18 to Tuesday, February 24, including 1 single family home for sale with a list price of ... continue reading
Homes Just Sold in Palm Bay: February 17th to February 23rd

Homes Just Sold in Palm Bay: February 17th to February 23rd - February 24, 2026

Palm Bay had 10 sales during the week of Tuesday, February 17 to Monday, February 23, including including 6 single family homes for sale with an average list price of ... continue reading
New Homes For Sale This Week in Palm Bay: February 13th to February 19th

New Homes For Sale This Week in Palm Bay: February 13th to February 19th - February 20, 2026

Palm Bay had 23 new homes for sale during the week of Friday, February 13 to Thursday, February 19, including including 8 single family homes for sale with an average ... continue reading
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