Real Estate Market Update for Palm Bay, FL
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 19% from one year earlier, and down 14% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 33% year-over-year, and decreased 20% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript

Map Information for Palm Bay, FL

Area Information for Palm Bay, FL
  • Population: 114,606
  • Median Age: 40.87 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 1,743/sq mi
  • Population Change Since 2000: 45.01%
  • Closest Airport: Melbourne International
  • Closest College: Florida Institute Of Technology
  • Closest Jr. College: Brevard Community College-palm Bay
  • Median Household Income: $44,162
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $180,000
  • Closest Major Sports Team: Brevard County Manatees (a)
  • Change Avg. Household Income Since 2000: 24.39%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Palm Bay, FL
Median Age: 40.87 Married: 39% Number of Households: 43,819 Households with Children: 12,495
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Palm Bay, FL

      School Name Distance Type Grades School Rating Parent Rating
      Southwest Middle School 1.1 mi Public 7-8 2 0
      John F. Turner, Senior Elementary School 1.1 mi Public PRESCHOOL-6 1 0
      Port Malabar Elementary School 1.6 mi Public K-6 3 0
      Covenant Christian School 1.6 mi Private PRESCHOOL-12 0 0
      Pineapple Cove Classical Academy 1.7 mi Public K-6 4 0
      Christa Mcauliffe Elementary School 1.8 mi Public PRESCHOOL-6 3 0
      Saint Joseph Catholic School 1.9 mi Catholic PRESCHOOL-8 0 0
      Lockmar Elementary School 1.9 mi Public PRESCHOOL-6 3 0
      Riviera Elementary School 2.1 mi Public PRESCHOOL-6 2 0
      El Sinai Christian Academy 2.2 mi Private PRESCHOOL-12 0 0
      Columbia Elementary School 2.3 mi Public PRESCHOOL-6 2 0
      Great Leaps Academy 2.4 mi Private PRESCHOOL-6 0 0
      Royal Palm Charter School 2.6 mi Public PRESCHOOL-8 2 0
      South Area Head Start 3.1 mi Public UNGRADE-UNGRADE 0 0
      Riverdale Country Day School 3.2 mi Public K-12 0 0
      Palm Bay Academy Charter School 3.3 mi Public K-8 1 0
      Jupiter Elementary School 3.3 mi Public PRESCHOOL-6 1 0
      Odyssey Charter School 3.3 mi Public PRESCHOOL-5 4 0
      Puzzle Box Academy 3.4 mi Private K-8 0 0
      Odyssey Preparatory Charter Academy 3.4 mi Public K-6 3 0
      Bread Of Life Christian Academy 3.5 mi Private PRESCHOOL-12 0 0
      Hla Preparatory School 3.6 mi Private 6-12 0 0
      Palm Bay Elementary School 3.9 mi Public PRESCHOOL-6 1 0
      Bayside High School 4.0 mi Public 9-12 3 0
      Westside Elementary School 4.2 mi Public K-6 3 0
      Discovery Elementary School 5.0 mi Public K-6 2 0
      Heritage High School 5.9 mi Public 9-12 3 0
      Sunrise Elementary School 6.5 mi Public PRESCHOOL-6 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Palm Bay, FL
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.