Palm Bay, FL
Housing market overview · Updated weekly
$318,325median sale price
Homes sold
227
Last 12 weeks
Days on market
100
Average pace
Active listings
1,139
5.0 months supply
Sale-to-list
98.1%
Below asking
The Palm Bay housing market is currently classified as a leaning buyer's with a median sale price of $318,325. Prices have fallen 3.5% compared to last year, with homes spending an average of 100 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Palm Bay?
The median home sale price in Palm Bay is $318,325, down 3.5% from last year.
How long do homes stay on market in Palm Bay?
Homes typically spend 100 days on market before going under contract.
Is Palm Bay a buyer's or seller's market?
With 5.0 months of supply, Palm Bay is currently a leaning buyer's.
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