Property prices for sale in Palm Bay (Florida)

The prices in real estate in Palm Bay, in the Florida region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

$127,494.83
Average price last 6 months
$291.17
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Palm Bay has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $507. In the following month the price per sq.feet decreased considerably to $297. The price for the following two months in (March, April) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has decreased 90 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $301.5 to $270.5 during May, and June.

Average price

Based upon to the price in Palm Bay (cities), these have remained the same in the last 6 months. In our first sample month during January, the average price is $127,524. In February This price remains at $132,436. During the following two months (March, April) the price has had an average incrementation from $129,980 to $140,833.5. During the last two months the average price has had a strong fall compared to the previous four going from $135,406.75 to $111,671, which means a 82 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $104,499 they are 42 % more affordable than the average price for Palm Bay. The properties with the highest average price have 4 bedrooms, Their price is 131 % more costly than the average. After that we have properties with 3 bedrooms priced at $197,605.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $201 / sq.feet price in Palm Bay. The properties with the highest average prices have 2 bedrooms. They are 372 % more expensive than the average followed by properties with 1 bedroom with a price at $203 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $104,499 it is 81 % cheaper than the average price in Palm Bay. "Commercial" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $207,873 it is 288 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $7 / sq.feet followed by "Apartment" priced at $117 / sq.feet. "Commercial" is the most costly type of property with a $208 / sq.feet cost followed by "Condo" with an average price of $118 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Palm Bay
Number of properties used in region Florida
$104,499
$201
5,294
696,970
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
4 Bed, 2 Bath New Home Plan In Palm Bay, Fl
 8
4 Bed, 2 Bath New Home Plan In Palm Bay, Fl
$234,900
Palm Bay, Florida - For Sale - House - 1,876 sq.feet - 4 bedrooms - 2 bathrooms
This to-be-built home is the maple plan by maronda homes, and is located in the community of the bayridge. This plan home is priced from $234,900 and has 4...
3 Bed, 2 Bath New Home Plan In Palm Bay, Fl
 19
3 Bed, 2 Bath New Home Plan In Palm Bay, Fl
$249,900
Palm Bay, Florida - For Sale - House - 1,702 sq.feet - 3 bedrooms - 2 bathrooms
This to-be-built home is the ashton plan by maronda homes, and is located in the community of the bayridge. This plan home is priced from $249,900 and has 3...
4 Bed, 2 Bath New Home Plan In Palm Bay, Fl
 8
4 Bed, 2 Bath New Home Plan In Palm Bay, Fl
$264,900
Palm Bay, Florida - For Sale - House - 2,692 sq.feet - 4 bedrooms - 2 bathrooms
This to-be-built home is the sequoia plan by maronda homes, and is located in the community of the bayridge. This plan home is priced from $264,900 and has 4...
4 Bed, 2 Bath New Home Plan In Palm Bay, Fl
 8
4 Bed, 2 Bath New Home Plan In Palm Bay, Fl
$227,900
Palm Bay, Florida - For Sale - House - 2,284 sq.feet - 4 bedrooms - 2 bathrooms
In the community of the palm bay. This plan home is priced from $227,900 and has 4 bedrooms, 2 baths, is 2,284 square feet, and has a 2-car garage. The palm bay features single family...
3 Bed, 2 Bath New Home Plan In Palm Bay, Fl
 23
3 Bed, 2 Bath New Home Plan In Palm Bay, Fl
$249,900
Palm Bay, Florida - For Sale - House - 1,988 sq.feet - 3 bedrooms - 2 bathrooms
This to-be-built home is the drexel plan by maronda homes, and is located in the community of the bayridge. This plan home is priced from $249,900 and has 3...