Palm Bay Real Estate Overview

Average price per square foot for Palm Bay FL was $58, a decrease of 18.3% compared to the same period last year. The median sales price for homes in Palm Bay FL for Sep 09 to Nov 09 was $90,000 based on 424 home sales. Compared to the same period one year ago, the median home sales price decreased 19.9%, or $22,400, and the number of home sales decreased 13.5%.

There are currently 1,542 resale and new homes in Palm Bay on Trulia, including 1,551 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Palm Bay FL was $141,258 for the week ending Dec 02, which represents a decrease of 0.7%, or $1,065, compared to the prior week. Popular neighborhoods in Palm Bay include Brookside At Bayside Lakes and Palm Bay Colony, with average listing prices of $147,633 and $64,864.