Palm Bay
Housing Market
Median sale price $318,325, down 2.6% year over year, with homes going under contract in about 53 days, 168 homes on the market.
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Housing Market Analyst
Inventory sits at 5.6 months of supply — balanced by the 3-to-6-month balanced benchmark, and 18% of listed homes are already under contract. Prices are down 2.6% versus the prior year, but sellers are still collecting 96.2% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
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 — balanced supply argues for a sideways market; condition and pricing decide individual outcomes.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 18% 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 (125 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 $318,325, down 2.6% from a year ago. Buyers are paying a median of $188 per square foot. The typical home goes under contract in about 53 days. Sellers are capturing 96.2% of their original asking price on average.
There are 168 active listings on the market, with 43 more already under contract. At the current sales pace that works out to 5.6 months of supply — roughly balanced conditions by the standard six-month benchmark. 362 homes closed here over the trailing 12 months.
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 48 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 September 15, 2026.
Palm Bay since 2012 — and where it’s heading
A median home here sold for $71,641 in 2012 and $310,065 over the last recorded year — 333% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (93,527 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.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
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 | $318K | 168 | 48 | |
| Melbourne | $390K | 230 | 63 | Open → |
| Cocoa | $329K | 115 | 69 | Open → |
| Merritt Island | $440K | 71 | 52 | Open → |
| Titusville | $288K | 70 | 47 | Open → |
| Rockledge | $374K | 46 | 70 | Open → |
Neighborhoods on the move
| Parkside WestPalm Bay | $390K | ▲ 16% |
| Port Malabar Unit 28Palm Bay | $288K | ▲ 8% |
| Port Malabar Unit 6Palm Bay | $306K | ▲ 8% |
| WaterstonePalm Bay | $310K | ▲ 7% |
| Port Malabar Unit 2Palm Bay | $239K | ▲ 6% |
| Palm Bay ColonyPalm Bay | $141K | ▼ 15% |
| Port Malabar Unit 8Palm Bay | $291K | ▼ 15% |
| Palm Bay Colony Sec 3Palm Bay | $144K | ▼ 15% |
| Woodside At Port Malabar CondoPalm Bay | $120K | ▼ 14% |
| Port Malabar Unit 26Palm Bay | $286K | ▼ 12% |
| Port Malabar Country ClubPalm Bay | $275K | 29 |
| Reserve At Country Club Lakes EstatesPalm Bay | $428K | 18 |
| Palm Bay ColonyPalm Bay | $141K | 10 |
| Port Malabar Holiday ParkPalm Bay | $84K | 10 |
| Preserves At StonebriarPalm Bay | $318K | 10 |
| 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 |
| Courtyards At Sandy Pines PreservePalm Bay | $272K | 28 days |
Palm Bay ZIP codes
Most active communities
More on Palm Bay
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 neither side decisively in Palm Bay — the Momentum Score reads 48/100 with 5.6 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 $318,325, down 2.6% 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 Palm Bay Colony (-15%); 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 53 days.
How does Palm Bay compare to the rest of Brevard County?
Palm Bay's median of $318,325 runs 0% below the county-wide median of $319,000, and homes here take 53 days to go under contract versus 50 county-wide.
Palm Bay housing market FAQ
How is the housing market in Palm Bay right now?
As of September 15, 2026, the Palm Bay housing market is roughly balanced: the median sale price is $318,325 (down 2.6% year over year), 168 homes are for sale against 362 sales in the last 12 months, which is 5.6 months of supply, and the typical home goes under contract in about 53 days.
How much is a house in Palm Bay?
The median home sold for $318,325 in Palm Bay over the last 12 months, about $188 per square foot; asking prices on the 168 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 Palm Bay?
By the numbers, sellers in Palm Bay are getting 96.2% of asking price and going under contract in about 53 days with 5.6 months of supply. Under four months of supply generally favors sellers; 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 Palm Bay housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Palm Bay median sale prices are down 2.6% year over year, inventory stands at 5.6 months of supply, and 18% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in Palm Bay?
The median sale price in Palm Bay is currently $318,325, down 2.6% from a year ago, based on MLS sales data updated September 15, 2026.
Is Palm Bay a buyer's or seller's market right now?
The data currently is roughly balanced. Palm Bay scores 48 of 100 on the Momentum Score, with 5.6 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 53 days, per current MLS data.
How many homes are for sale in Palm Bay?
There are approximately 168 active listings in Palm Bay as of September 15, 2026.
Are home prices in Palm Bay rising or falling?
Median sale prices are down 2.6% 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: September 15, 2026 at 7:33 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.