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Take advantage of our free home value estimator today and gain valuable insights into the worth of your property. Whether you are a homeowner or a potential buyer, understanding the current market value of homes in Palm Bay, Florida, can be crucial for making informed decisions. Don’t miss out on this opportunity to access a reliable and convenient tool for real estate valuation.
Recently Sold Price History in Palm Bay
Palm Bay, Florida, is a thriving real estate market with a range of sold prices to suit various budgets and preferences. The city offers a diverse selection of properties, from cozy single-family homes to luxurious waterfront estates. In recent years, the average sold price for residential properties in Palm Bay has been steadily increasing, reflecting the growing demand for housing in the area. As of 2021, the median sold price for homes in Palm Bay is around $220,000, making it an affordable option for those looking to invest in real estate in Florida.
While the median sold price provides a general idea of the market, it’s important to note that prices can vary significantly depending on factors such as location, size, condition, and amenities. In desirable neighborhoods or waterfront areas, prices tend to be higher, while more affordable options can be found in suburban or inland areas. Palm Bay’s real estate market offers a range of options for both buyers and sellers, making it an attractive destination for those looking to make a smart investment or find their dream home in the Sunshine State.
About Palm Bay, Florida
Palm Bay is a vibrant city located in Brevard County, Florida. With a population of over 115,000 residents, it is the largest city in the county and the second-largest city in Central Florida. Situated on the east coast of the state, Palm Bay is nestled between the Indian River Lagoon and the Atlantic Ocean, offering its residents and visitors stunning natural beauty and a variety of outdoor recreational activities.
Known for its warm and sunny climate, Palm Bay enjoys an average of 235 sunny days per year, making it an ideal destination for those seeking a year-round outdoor lifestyle. The city is home to numerous parks, nature preserves, and wildlife sanctuaries, providing ample opportunities for hiking, biking, fishing, and boating. The nearby Turkey Creek Sanctuary, a 130-acre nature preserve, is a popular spot for birdwatching and wildlife observation.
Palm Bay is also a thriving community with a diverse economy. The city is home to several major employers, including Harris Corporation, a technology company, and Health First, a healthcare provider. Additionally, Palm Bay is conveniently located near the Kennedy Space Center and the Space Coast, which has a significant impact on the local economy through aerospace and defense industries.
Residents of Palm Bay enjoy a high quality of life, with access to excellent schools, healthcare facilities, and recreational amenities. The city has a strong sense of community and offers a wide range of cultural and entertainment options, including art galleries, theaters, and annual festivals. With its beautiful beaches, friendly atmosphere, and abundant opportunities, Palm Bay is a wonderful place to live, work, and play.
Palm Bay average home prices
The average home price in Palm Bay, Florida has been steadily increasing over the past few years. According to recent data, the average price of a house in Palm Bay is around $250,000. This figure represents a significant rise compared to previous years, indicating a strong real estate market in the area. Additionally, the average days on market for homes in Palm Bay is approximately 60 days, suggesting a relatively quick turnover for properties in the region.
With the average home price in Palm Bay hovering around $250,000, potential buyers can find a range of options to suit their needs and preferences. Whether it’s a cozy single-family home or a spacious property with multiple bedrooms, Palm Bay offers a diverse selection of houses at varying price points. The average price of a house in Palm Bay reflects the city’s growing popularity as a desirable place to live, with its beautiful beaches, pleasant climate, and convenient amenities. As the real estate market in Palm Bay continues to thrive, it presents an opportune time for both buyers and sellers to explore the possibilities in this vibrant Florida city.
