Palm Bay, FL Real Estate & Property Data

Palm Bay Real Estate Market Trends
Last Updated: April 22, 2025

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, 2,665 residential properties have been sold in Palm Bay, FL over the past year, with a median home price of $305,000. Additionally, 36.9% of homes in Palm Bay are equity rich, while 1.18% of homes are seriously underwater. There have been 43 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
Total Residential Properties 53,065
Total Commercial Properties 1,117
Avg. Home Age (Single Family Home) 27 Years
Avg. Square Feet (Single Family Home) 1,697
Total 2025 Residential Sales (year-to-date) 334
% of Homes Seriously Underwater (Q2 2025) 1.18%
Total 2024 Residential Sales 2,492
% of Equity Rich Homes (Q2 2025) 36.9%
Effective 2024 Property Tax 0.9%
Total Foreclosure Filings (year-to-date) 56
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Palm Bay, FL Real Estate Overview

Palm Bay, FL saw 2,665 residential properties being sold in the past year, with a median home value of $299,282. The city of Palm Bay has a total of 53,065 residential properties, spread across 3088 streets and 4 zip codes.

Median Sales Price i
$305,000
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 $305,000
  • January '25 Jan '25 $308,000
  • December '24 Dec '24 $312,450
  • November '24 Nov '24 $309,000
  • October '24 Oct '24 $306,000
  • September '24 Sep '24 $307,500
  • August '24 Aug '24 $305,000
  • July '24 Jul '24 $312,500
  • June '24 Jun '24 $315,000
  • May '24 May '24 $318,000
  • April '24 Apr '24 $319,950
  • March '24 Mar '24 $329,450
Median Down Payment i
$24,637
(Feb 2025)
-19.6%
year-over-year
y-o-y
  • February '25 Feb '25 $24,637
  • January '25 Jan '25 $33,263
  • December '24 Dec '24 $23,500
  • November '24 Nov '24 $24,372
  • October '24 Oct '24 $24,361
  • September '24 Sep '24 $24,312
  • August '24 Aug '24 $30,720
  • July '24 Jul '24 $30,395
  • June '24 Jun '24 $29,600
  • May '24 May '24 $25,750
  • April '24 Apr '24 $20,051
  • March '24 Mar '24 $18,800
Number of Homes Sold i
171
(Feb 2025)
-7.6%
year-over-year
y-o-y
  • February '25 Feb '25 171
  • January '25 Jan '25 163
  • December '24 Dec '24 219
  • November '24 Nov '24 175
  • October '24 Oct '24 166
  • September '24 Sep '24 195
  • August '24 Aug '24 242
  • July '24 Jul '24 266
  • June '24 Jun '24 222
  • May '24 May '24 260
  • April '24 Apr '24 223
  • March '24 Mar '24 178
Number of Purchase Loans i
125
(Feb 2025)
-22.4%
year-over-year
y-o-y
  • February '25 Feb '25 125
  • January '25 Jan '25 184
  • December '24 Dec '24 237
  • November '24 Nov '24 191
  • October '24 Oct '24 132
  • September '24 Sep '24 148
  • August '24 Aug '24 176
  • July '24 Jul '24 210
  • June '24 Jun '24 182
  • May '24 May '24 189
  • April '24 Apr '24 177
  • March '24 Mar '24 148
Number of REFI Loans i
132
(Feb 2025)
-14.8%
year-over-year
y-o-y
  • February '25 Feb '25 132
  • January '25 Jan '25 145
  • December '24 Dec '24 161
  • November '24 Nov '24 134
  • October '24 Oct '24 149
  • September '24 Sep '24 152
  • August '24 Aug '24 154
  • July '24 Jul '24 124
  • June '24 Jun '24 104
  • May '24 May '24 140
  • April '24 Apr '24 144
  • March '24 Mar '24 137
Number of HELOC Loans i
36
(Feb 2025)
-25%
year-over-year
y-o-y
  • February '25 Feb '25 36
  • January '25 Jan '25 34
  • December '24 Dec '24 60
  • November '24 Nov '24 23
  • October '24 Oct '24 39
  • September '24 Sep '24 47
  • August '24 Aug '24 47
  • July '24 Jul '24 38
  • June '24 Jun '24 58
  • May '24 May '24 45
  • April '24 Apr '24 49
  • March '24 Mar '24 47

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 43 Palm Bay, FL properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 31 Palm Bay, FL properties and repossessed 3 Palm Bay, FL properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
43
(Feb 2025)
-6.5%
year-over-year
y-o-y
  • February '25 Feb '25 43
  • January '25 Jan '25 13
  • December '24 Dec '24 25
  • November '24 Nov '24 16
  • October '24 Oct '24 24
  • September '24 Sep '24 37
  • August '24 Aug '24 28
  • July '24 Jul '24 40
  • June '24 Jun '24 25
  • May '24 May '24 33
  • April '24 Apr '24 29
  • March '24 Mar '24 31
Foreclosure Starts i
31
(Feb 2025)
-16.2%
year-over-year
y-o-y
  • February '25 Feb '25 31
  • January '25 Jan '25 9
  • December '24 Dec '24 16
  • November '24 Nov '24 11
  • October '24 Oct '24 13
  • September '24 Sep '24 30
  • August '24 Aug '24 22
  • July '24 Jul '24 28
  • June '24 Jun '24 22
  • May '24 May '24 27
  • April '24 Apr '24 20
  • March '24 Mar '24 27
Completed Foreclosures (REOs) i
3
(Feb 2025)
+50%
year-over-year
y-o-y
  • February '25 Feb '25 3
  • January '25 Jan '25 N/A
  • December '24 Dec '24 4
  • November '24 Nov '24 3
  • October '24 Oct '24 1
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 N/A
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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