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 209 single family homes for sale with an average list price of $370,604.37, 7 townhouses for sale with an average list price of $246,272.86, 4 condos for sale with an average list price of $333,499.75, and 242 lots for sale with an average list price of $59,355.85. The average annual property tax for Palm Bay is $2,051.57.
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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Aspire at Treasure Coast is a single-family home community in Palm Bay, Florida, built in 2025 by K. Hovnanian Homes. It currently has 2 single family homes for sale with an average list price of $330,053. The homes have an average size of 1,684 ft2. The average annual property tax for Aspire at Treasure Coast is $453.59. It is located in Brevard County.
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Median Price: $324,195 |
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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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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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Show all 13 Subdivisions
Subdivisions
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Market Trends
Palm Bay home sales for the month of December decreased in volume by 17.2% when compared to last year, while the median sale price decreased by 7% from $320,000 to $297,499.50. House sales decreased by 27.6%, while the median sale price decreased by 3.1% from $320,000 to $310,000. Townhouse sales decreased, while the median sale price decreased.
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$320,000
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$322,500
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$325,000
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$305,000
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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 17 new homes for sale during the week of Friday, January 9 to Thursday, January 15, including including 12 single family homes for sale with an average ...
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Palm Bay had 9 new construction homes during the week of Wednesday, January 7 to Tuesday, January 13, including 5 single family homes for sale with an average list price ...
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Palm Bay had 8 sales during the week of Tuesday, January 6 to Monday, January 12, including including 7 single family homes for sale with an average list price of ...
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Palm Bay had 2 new foreclosures and/or short sales during the week of Monday, January 5 to Sunday, January 11, including 1 single family home for sale with a list ...
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Palm Bay had 10 new homes for sale during the week of Friday, January 2 to Thursday, January 8, including including 5 single family homes for sale with an average ...
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Real Estate News
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