32909 (Palm Bay)
Housing Market & Home Values
Median sale price $320,000, with homes going under contract in about 38 days, 33 homes on the market.
Momentum
Your exact situation run against today's numbers: true comps, negotiation targets, and the off-market homes portals never show.
Selling instead? See what your home is worth today →
Housing Market Analyst
Inventory sits at 0.6 months of supply — tight by the 3-to-6-month balanced benchmark, and 27% of listed homes are already under contract. sellers are still collecting 97.1% of asking. Taken together, the data points to a seller-leaning market.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors sellers.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — sellers hold the leverage while 27% of inventory sits under contract.
- Mortgage sensitivity — at 4.4× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current 32909 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
One inventory number hides four different markets
Months of supply = active listings ÷ monthly sales pace, bucketing communities by their recent median. 3–6 months is the balanced band.
The read on 32909 (Palm Bay)
The median sale price across 32909 currently stands at $320,000. Buyers are paying a median of $193 per square foot. The typical home goes under contract in about 38 days. Homes are selling for about 97.1% of their original asking price.
There are 33 active listings on the market, with 13 more already under contract. With 705 closed sales over the trailing 12 months (33 listings divided by 705 / 12), that works out to 0.6 months of supply — a seller-leaning market by the 3-to-6-month balanced band.
Zillow's home value index for Brevard County stands at $342,345. About 29% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 32909 is 73 of 100 — healthy market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of November 12, 2026.
Where the market is heading
Home value trend · Brevard County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Brevard County (MLS)
Median price · daily recalculation
What’s driving 32909
Top inbound states: NY, CA, TX, GA. Movers arriving report ~$80,978 average income. Source: IRS SOI county-to-county migration, 2022-2023
38,028 Citizens personal-lines policies in Brevard County; average premium $2,881 before the 2026 change, $2,812 after (-2.4%). Citizens is the state-backed insurer of last resort; budget insurance into any Brevard purchase. Source: Citizens Property Insurance Corporation, 2026 Approved Rate Changes by County (ALL PERSONAL LINES COMBINED table).
3,376 single-family · 1,248 multi-family · 7.3 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The most crowded shelf in the market. Sellers here are competing hardest — which means overpaying in this band is the most avoidable mistake in 32909 right now.
The tightest band — sellers in this range hold the most leverage, and buyers should walk in with financing done and terms clean.
Sellers: price to the last 60 days of comps, not the peak — well-prepared listings are still commanding strong terms. Buyers: get underwritten now so you can move when the right house hits.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Brevard
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 32909 ← this page | $320K | 33 | 73 | |
| 32927 | $319K | 52 | 62 | Open → |
| 32907 | $320K | 50 | 70 | Open → |
| 32905 | $320K | 49 | 74 | Open → |
| 32940 | $415K | 43 | 63 | Open → |
| 32935 | $275K | 25 | 51 | Open → |
Neighborhoods on the move
| Port Malabar Country ClubPalm Bay | $290K | 24 |
| Gardens At WaterstonePalm Bay | $338K | 9 |
| Port MalabarPalm Bay | $320K | 37 days |
| Port Malabar Country ClubPalm Bay | $290K | 56 days |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 32909 right now?
The data says conditions currently favor sellers in 32909 — the Momentum Score reads 73/100 with 0.6 months of supply. Buyers should come fully underwritten; sellers still set the pace here. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Which 32909 neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Port Malabar (37 days); Port Malabar Country Club (56 days) — homes there go under contract well ahead of the market-wide pace of 38 days.
32909 (Palm Bay) housing market FAQ
How is the housing market in 32909 right now?
As of November 12, 2026, the 32909 housing market favors sellers: the median sale price is $320,000, 33 homes are for sale against 705 sales in the last 12 months, which is 0.6 months of supply, and the typical home goes under contract in about 38 days.
How much is a house in 32909?
The median home sold for $320,000 in 32909 over the last 12 months, about $193 per square foot; asking prices on the 33 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 32909?
By the numbers, sellers in 32909 are getting 97.1% of asking price and going under contract in about 38 days with 0.6 months of supply. Under three months of supply generally favors sellers, three to six is balanced, and over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the median home price in 32909?
The median sale price in 32909 is currently $320,000, based on MLS sales data updated November 12, 2026.
Is 32909 a buyer's or seller's market right now?
The data currently favors sellers. 32909 scores 73 of 100 on the Momentum Score, with 0.6 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 32909?
The typical home in 32909 goes under contract in about 38 days, per current MLS data.
How many homes are for sale in 32909?
There are approximately 33 active listings in 32909 as of November 12, 2026.
Momentum agents use this intelligence every day to price listings and write winning offers across 32909 (Palm Bay). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use the MLS listing counts from the last data refresh (date below); the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: November 12, 2026 at 5:37 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.
Get the Space Coast Market Pulse every month
One email when the new edition is out: median price and the same-home change, days on market, months of supply, price cuts and what failed to sell, computed from MLS closed records. See the current edition. Unsubscribe any time.