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 165 single family homes for sale with an average list price of $372,616.93, 5 townhouses for sale with an average list price of $211,588, 2 condos for sale with an average list price of $290,000, and 234 lots for sale with an average list price of $61,066.56. The average annual property tax for Palm Bay is $1,913.79.
Schools
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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
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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.
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Median Price: $410,000 |
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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.
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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.
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Median Price: $350,000 |
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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.
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Median Price: $412,599 |
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Heron Bay at Waterstone is a subdivision in Palm Bay, Florida. It currently has no homes for sale. It is located in Brevard County.
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Show all 9 Subdivisions
Subdivisions
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Market Trends
Palm Bay home sales for the month of August rose in volume by 35% when compared to last year, while the median sale price decreased by 7% from $322,517.50 to $300,000. House sales rose by 36.8%, while the median sale price decreased by 6.9% from $324,900 to $302,500. Condo sales stayed the same, while the median sale price stayed the same.
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253
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296
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$253,497.50
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$320,000
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$323,500
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$325,000
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2022 |
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2024 |
Median Sale Price for Palm Bay
Number of Sales for Palm Bay
Market Trends
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Nearby Golf Courses
3255 Jupiter Blvd SE, Palm Bay, FL 32909
Par 29 • 29 holes • 1470 yards
Nearby Golf Courses
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Real Estate News
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Palm Bay had 9 new homes for sale during the week of Friday, August 22 to Thursday, August 28, including including 6 single family homes for sale with an average ...
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Palm Bay had only 1 new construction home during the week of Wednesday, August 20 to Tuesday, August 26, and it was a single family home for sale with a ...
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Palm Bay had 10 sales during the week of Tuesday, August 19 to Monday, August 25, including including 6 single family homes for sale with an average list price of ...
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Palm Bay had new homes for sale with an in-ground swimming pool during the month of Sunday, August 17 to Saturday, August 23, including 2 single family homes for ...
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Palm Bay had 10 new homes for sale during the week of Friday, August 15 to Thursday, August 21, including including 9 single family homes for sale with an average ...
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Real Estate News
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