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Palm Bay, FL Real Estate & Property Data

Palm Bay Real Estate Market Trends
Last Updated: April 27, 2024

To gain insights into Palm Bay, FL’s real estate market, it is crucial to have accurate and comprehensive real estate data. ATTOM updates Palm Bay real estate data on a daily basis, providing you with the most current information. As per the latest market trends, 2,568 residential properties have been sold in Palm Bay, FL over the past year, with a median home price of $306,000. Additionally, 41.26% of homes in Palm Bay are equity rich, while 0.89% of homes are seriously underwater. There have been 46 foreclosure filings in the area year-to-date. To obtain detailed information on properties in Palm Bay, Florida, you can rely on ATTOM, your go-to source for Palm Bay property reports and real estate data.

Palm Bay Real Estate Market Trends
Get property data for any address in Palm Bay, FL or the country:
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 49,995
Total Commercial Properties 1,133
Avg. Home Age (Single Family Home) 28 Years
Avg. Square Feet (Single Family Home) 2,276
Total 2024 Residential Sales (year-to-date) 349
% of Homes Seriously Underwater (Q2 2024) 0.89%
Total 2023 Residential Sales 2,367
% of Equity Rich Homes (Q2 2024) 41.26%
Effective 2023 Property Tax 0.82%
Total Foreclosure Filings (year-to-date) 81
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Palm Bay, FL Real Estate Overview

Palm Bay, FL saw 2,568 residential properties being sold in the past year, with a median home value of $303,710. The city of Palm Bay has a total of 49,995 residential properties, spread across 3010 streets and 4 zip codes.

Median Sales Price i
$306,000
(Feb 2024)
-1.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $306,000
  • January '24 Jan '24 $300,000
  • December '23 Dec '23 $310,000
  • November '23 Nov '23 $303,500
  • October '23 Oct '23 $320,000
  • September '23 Sep '23 $328,500
  • August '23 Aug '23 $317,000
  • July '23 Jul '23 $315,000
  • June '23 Jun '23 $298,500
  • May '23 May '23 $315,000
  • April '23 Apr '23 $305,000
  • March '23 Mar '23 $304,950
Median Down Payment i
$30,000
(Feb 2024)
+20%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $30,000
  • January '24 Jan '24 $24,000
  • December '23 Dec '23 $35,150
  • November '23 Nov '23 $26,600
  • October '23 Oct '23 $34,500
  • September '23 Sep '23 $41,000
  • August '23 Aug '23 $25,000
  • July '23 Jul '23 $31,500
  • June '23 Jun '23 $25,557
  • May '23 May '23 $24,875
  • April '23 Apr '23 $26,000
  • March '23 Mar '23 $22,382
Number of Homes Sold i
194
(Feb 2024)
+20.5%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 194
  • January '24 Jan '24 155
  • December '23 Dec '23 208
  • November '23 Nov '23 136
  • October '23 Oct '23 187
  • September '23 Sep '23 195
  • August '23 Aug '23 193
  • July '23 Jul '23 212
  • June '23 Jun '23 211
  • May '23 May '23 251
  • April '23 Apr '23 218
  • March '23 Mar '23 247
Number of Purchase Loans i
208
(Feb 2024)
+49.6%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 208
  • January '24 Jan '24 207
  • December '23 Dec '23 232
  • November '23 Nov '23 95
  • October '23 Oct '23 144
  • September '23 Sep '23 137
  • August '23 Aug '23 189
  • July '23 Jul '23 154
  • June '23 Jun '23 139
  • May '23 May '23 189
  • April '23 Apr '23 154
  • March '23 Mar '23 259
Number of REFI Loans i
141
(Feb 2024)
+88%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 141
  • January '24 Jan '24 110
  • December '23 Dec '23 106
  • November '23 Nov '23 107
  • October '23 Oct '23 144
  • September '23 Sep '23 102
  • August '23 Aug '23 151
  • July '23 Jul '23 120
  • June '23 Jun '23 155
  • May '23 May '23 129
  • April '23 Apr '23 95
  • March '23 Mar '23 115
Number of HELOC Loans i
45
(Feb 2024)
-4.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 45
  • January '24 Jan '24 42
  • December '23 Dec '23 34
  • November '23 Nov '23 54
  • October '23 Oct '23 55
  • September '23 Sep '23 52
  • August '23 Aug '23 50
  • July '23 Jul '23 41
  • June '23 Jun '23 58
  • May '23 May '23 59
  • April '23 Apr '23 38
  • March '23 Mar '23 57

Palm Bay, FL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Palm Bay, FL Foreclosure Activity

There were a total of 46 Palm Bay, FL properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 37 Palm Bay, FL properties and repossessed 2 Palm Bay, FL properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
46
(Feb 2024)
+283.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 46
  • January '24 Jan '24 35
  • December '23 Dec '23 27
  • November '23 Nov '23 17
  • October '23 Oct '23 19
  • September '23 Sep '23 26
  • August '23 Aug '23 45
  • July '23 Jul '23 20
  • June '23 Jun '23 43
  • May '23 May '23 57
  • April '23 Apr '23 33
  • March '23 Mar '23 13
Foreclosure Starts i
37
(Feb 2024)
+236.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 37
  • January '24 Jan '24 30
  • December '23 Dec '23 23
  • November '23 Nov '23 10
  • October '23 Oct '23 15
  • September '23 Sep '23 13
  • August '23 Aug '23 37
  • July '23 Jul '23 15
  • June '23 Jun '23 31
  • May '23 May '23 50
  • April '23 Apr '23 29
  • March '23 Mar '23 9
Completed Foreclosures (REOs) i
2
(Feb 2024)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 2
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 2
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 N/A
  • July '23 Jul '23 1
  • June '23 Jun '23 1
  • May '23 May '23 1
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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