Palm Bay
Housing Market
Median sale price $315,000, down 3.2% year over year, with homes going under contract in about 54 days.
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Housing Market Analyst
Inventory sits at 7.6 months of supply — heavy by the 3-to-6-month balanced benchmark, and 16% of listed homes are already under contract. Prices are down 3.2% versus the prior year, but sellers are still collecting 96.2% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
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 neither side decisively.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 16% of inventory sits under contract.
- Mortgage sensitivity — at 4.5× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Palm Bay 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.
Where Palm Bay is hot — and where it isn't
Each dot is a community (124 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on Palm Bay
The median sale price across Palm Bay currently stands at $315,000, down 3.2% from a year ago. Buyers are paying a median of $188 per square foot. The typical home goes under contract in about 54 days. Sellers are capturing 96.2% of their original asking price on average.
At the current sales pace that works out to 7.6 months of supply — a buyer-leaning market by the standard six-month benchmark.
Zillow's home value index for Brevard County stands at $344,703. 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 Palm Bay is 43 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 26, 2026.
Palm Bay since 2012 — and where it’s heading
A median home here sold for $71,890 in 2012 and $308,577 over the last recorded year — 329% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (93,327 recorded sales)
Days on market by year
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 Palm Bay
Top inbound states: NY, CA, TX, GA. Movers arriving report ~$80,978 average income. Source: IRS SOI county-to-county migration, 2022-2023
6,986 Citizens policies in force in Brevard County — the state-backed insurer of last resort. Budget insurance into any Brevard purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
3,376 single-family · 1,248 multi-family · 7.5 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 sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
The most crowded shelf in the market. Sellers here are competing hardest — which means overpaying in this band is the most avoidable mistake in Palm Bay right now.
The tightest band — sellers in this range hold the most leverage, and buyers should walk in with financing done and terms clean.
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Brevard County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Palm Bay ← this page | $315K | — | 43 | |
| Mims | $450K | 11 | 60 | Open → |
| Indialantic | $610K | 8 | 52 | Open → |
Neighborhoods on the move
| Parkside WestPalm Bay | $390K | ▲ 16% |
| Port Malabar Unit 28Palm Bay | $288K | ▲ 8% |
| Port Malabar Unit 6Palm Bay | $306K | ▲ 8% |
| Port Malabar Unit 2Palm Bay | $239K | ▲ 6% |
| Port Malabar Unit 46Palm Bay | $356K | ▲ 6% |
| Woodside At Port Malabar CondoPalm Bay | $119K | ▼ 21% |
| Port Malabar Unit 8Palm Bay | $291K | ▼ 15% |
| Palm Bay Colony Sec 3Palm Bay | $144K | ▼ 15% |
| Port Malabar Unit 26Palm Bay | $286K | ▼ 12% |
| Port Malabar Unit 41Palm Bay | $306K | ▼ 11% |
| Reserve At Country Club Lakes Estates Palm BayPalm Bay | $428K | 18 |
| Preserves At Stonebriar Palm BayPalm Bay | $318K | 10 |
| Brentwood Lakes Palm BayPalm Bay | $305K | 8 |
| TillmanPalm Bay | $334K | 7 |
| Parkside WestPalm Bay | $390K | 5 |
| Port Malabar Unit 4Palm Bay | $220K | 22 days |
| Port Malabar Unit 26Palm Bay | $286K | 24 days |
| Port Malabar Unit 41Palm Bay | $306K | 24 days |
| Port Malabar Unit 28Palm Bay | $288K | 26 days |
| TillmanPalm Bay | $334K | 28 days |
Palm Bay ZIP codes
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Palm Bay right now?
The data says conditions currently favor buyers in Palm Bay — the Momentum Score reads 43/100 with 7.6 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Palm Bay becoming more affordable?
Yes, modestly — the median sale price in Palm Bay is $315,000, down 3.2% versus the prior year, while sellers still capture 96.2% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in Palm Bay?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are Woodside At Port Malabar Condo (-21%); Port Malabar Unit 8 (-15%); Palm Bay Colony Sec 3 (-15%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which Palm Bay neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Port Malabar Unit 4 (22 days); Port Malabar Unit 26 (24 days); Port Malabar Unit 41 (24 days) — homes there go under contract well ahead of the market-wide pace of 54 days.
How does Palm Bay compare to the rest of Brevard County?
Palm Bay's median of $315,000 runs 1% below the county-wide median of $318,000, and homes here take 54 days to go under contract versus 51 county-wide.
Palm Bay housing market FAQ
What is the median home price in Palm Bay?
The median sale price in Palm Bay is currently $315,000, down 3.2% from a year ago, based on MLS sales data updated August 26, 2026.
Is Palm Bay a buyer's or seller's market right now?
The data currently is roughly balanced. Palm Bay scores 43 of 100 on the Momentum Score, with 7.6 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Palm Bay?
The typical home in Palm Bay goes under contract in about 54 days, per current MLS data.
Are home prices in Palm Bay rising or falling?
Median sale prices are down 3.2% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 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 live listing counts refreshed twice daily; 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: August 26, 2026 at 8:37 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.