Palm Bay
Condos for Sale in Miami, FL

Palm Bay Condominium market snapshot (as of September 20, 2026): the median sale price is about $390K ($374 per sq ft over the trailing 12 months of closed sales), and a median 43 days on market for closed sales. The trailing-12-month median is down 1% from the prior 12 months, computed from record-level MIAMI MLS closed sales (4 closings in the current window).

In ZIP 33138 (Miami), 220 homes closed in the last 12 months at a median of $821K ($536/sq ft), up 10.0% year over year, with a median 77 days on market. Right now 116 active and 26 pending listings — a buyer's market. See the live ZIP 33138 housing market and the Miami-Dade County market.

MIAMI REALTORS sales records identify 14 homes in PALM BAY CONDOMINIUM that have changed hands since 2018, built between 1965 and 1965 (median 1965), with a median living area of about 1,042 sq ft and a typical 1-bedroom, 1.5-bath layout; 100% are condominiums. Source: MIAMI REALTORS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Palm Bay Condominium is a Miami-Dade condo community where recent activity is limited enough that per-unit condition and pricing discipline matter more than broad market averages.

A median price of $399,000 against a per-square-foot figure near $382.92 is a useful cross-check for any specific unit: multiply the listed square footage by that number and see how close the asking price lands. Deviation in either direction is a conversation starter, not a red flag by itself — it just means you ask why.

With only three closings feeding this window, we treat every stat here as directional. The 49-day median time on market says pricing has to be right the first time; overpriced listings in a low-volume building tend to sit, and that stretch feeds back into how the next seller has to think about their number.

In a building with a small closings sample, the comps that exist need to be read carefully rather than averaged blindly. We pull the actual unit-level data behind the median, check it against condition and square footage, and tell clients where a specific listing sits relative to that $382.92 per-square-foot line before they commit to a number.

Listings in this community report association dues of about $1,404 per month ($16,848 a year) — the median AssociationFee across 21 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-10.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.