Palm Bay Colony
Homes for Sale in Palm Bay, FL
All 1,154 homes for sale in Palm Bay, FL · median $342,995 · 208 homes for sale in 32905 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
As of September 2026, Palm Bay Colony in Palm Bay, FL has 11 homes for sale and 6 pending, asking from $100,000 to $222,900 (median $150,000). Over the 12 months ending 2026-09-20, 34 recorded sales closed at a median of $141,000, $122 per square foot, a median 43 days on market, sellers accepting 94% of original asking (-17% versus the prior year). Homes listed or recently sold were built 1975–1998; 6 of 29 report an HOA (median $45/mo); none of the 23 geocoded homes sit in a FEMA special flood hazard zone (median elevation 23 ft). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $2,200 ($1,580 with the full homestead exemption).
| Location | Palm Bay, Brevard County, FL · ZIP 32905, 32908 |
|---|---|
| Homes in the community | 485 (FL DOR 2025 assessment roll) |
| Years built | 1970–2024 (median 1983) |
| Typical living area | 1,207 sq ft (median) |
| Home types (current listings and sales) | manufactured homes 100% |
| Amenities listed by sellers | Tennis Court(s), Clubhouse, Shuffleboard Court, Pickleball, Fitness Center, Maintenance Grounds |
| Sale prices, last 12 months | $141,000 median across 34 closed sales · $122 per sq ft · -16.6% vs the prior 12 months |
| Days on market (closed sales) | 43 median |
| For sale right now | 11 active, 7 pending · median asking $150,000 · 4.0 months of supply |
| Owner-occupied (homestead) share | 60% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Palm Bay Colony key facts,” movewithmomentum.com/neighborhoods/palm-bay-colony, data as of September 20, 2026.
Last 30 days in Palm Bay Colony: 6 under contract right now, 1 closed sale (median $72,500). As of September 26, 2026, Listing data provided by the Space Coast Multiple Listing Service. Information is deemed reliable but is not guaranteed by the MLS to be accurate.
Homes For Sale Right Now in Palm Bay Colony
Live MLS inventory for Palm Bay Colony. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
ActiveTop listing
Active
Active
Active
Active
Active
Active
Active
Active
Active
Active
Pending
Pending
PendingActive and pending Palm Bay Colony listings as of 2026-09-26, priced high to low. Based on information from the Space Coast MLS for the period 2004 through 2026. Tap any home to ask about it.
Palm Bay Colony sits at the affordable end of the Brevard map, with a median around $147,850 and roughly $133 per square foot. At that level, price is driven far less by neighborhood cachet than by the specific condition of the home in front of you. Two houses on the same street can trade well apart depending on updates, roof age, and system life, so the median tells you the center of gravity but not much about any single listing.
The current posture is soft. Prices are down about 7 percent year over year, and with a market heat score of 38 and a median of 38 days on market, this is not a place where sellers dictate terms. Buyers have room to inspect, negotiate, and walk. Sellers should price to the current market rather than last year's, because carrying a listing here means real time on the calendar.
Palm Bay Colony right now
🟡 Balanced market. 4.0 months of supply and 39% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 20, 2026. Confidence: Very High (18 active and pending listings, 34 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($141K) is down 16.6% from the prior 12 months ($169K) and up 309% since 2012.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Very High (34 and 33 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Palm Bay Colony market snapshot (as of September 20, 2026): the median sale price is about $141K ($122 per sq ft over the trailing 12 months of closed sales), a median 44 days on market for closed sales, and 4.0 months of supply, a balanced market. The trailing-12-month median is down 17% from the prior 12 months and up 309% since 2012, computed from record-level Space Coast MLS closed sales (34 closings in the current window).
In ZIP 32905 (Palm Bay), 2,169 homes closed in the last 12 months at a median of $319K ($189/sq ft), down 1.8% year over year, with a median 51 days on market. Right now 101 active and 29 pending listings put supply at about 4.7 months — a balanced market. See the live ZIP 32905 housing market and the Brevard County market.
County records show 43 qualified sales in Palm Bay Colony across 2024–2025 (23 in 2024, 20 in 2025), median $169,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Flood zones in Palm Bay Colony: of 23 listing addresses checked against the FEMA National Flood Hazard Layer, 100% sit outside the FEMA Special Flood Hazard Area (Zone X). Individual parcels vary — verify any specific address at msc.fema.gov. See flood zones by neighborhood in Palm Bay.
Palm Bay Colony is a community of 485 homes in Palm Bay, Brevard County, built between 1970 and 2024 (median 1983), with a median living area of about 1,207 square feet. 60% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is an entry-priced pocket of Palm Bay where the number on the listing reflects the house itself far more than any shared amenity. Over the long arc, values are up 362 percent since 2012 — a reminder that the recent dip is a correction, not a collapse.
The setting & the homes.
Aerial and on-site photos of Palm Bay Colony. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
Palm Bay ColonyPalm Bay ColonyPalm Bay ColonyPalm Bay ColonyPalm Bay ColonyPalm Bay ColonyPalm Bay ColonyPalm Bay ColonyPhotos from Space Coast MLS listings in Palm Bay Colony; content deemed reliable but not guaranteed.
Who Palm Bay Colony is best for.
Best for
- Value-focused buyers on an entry-level budget who can look past the median headline to a specific home's condition
- Buyers willing to do cosmetic or moderate work to build equity in a long-appreciating area
- Patient shoppers who want leverage to inspect and negotiate rather than compete
Probably not for
- Buyers who need shared amenities like a pool, gate, or clubhouse
- Anyone wanting a fully turnkey home with no deferred maintenance at this budget
- Short-horizon buyers uneasy about a market that is currently down year over year
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($141K) IS the median in the snapshot above, and the move from 2025 ($169K) IS the -16.6% one-year change.
Windows contain 18 to 42 sales each (34 in the current window); every figure carries its sample size. Based on information from the Space Coast MLS for the period 2004 through 2026. Deemed reliable but not guaranteed.
35% of homes for sale in Palm Bay Colony are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-27).
Palm Bay Colony Market Scorecard
Palm Bay Colony is currently a balanced market. About 4.0 months of supply, a median asking price of $150,000.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Palm Bay Colony on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap, tiles © CARTO.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Palm Bay · Elementary
- Stone · Middle
- Palm Bay · High
Zoned schools reflect the assignments reported on recent Palm Bay Colony listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Palm Bay Colony address.
Shop the zone: Homes zoned for Palm Bay High School
The Palm Bay Colony buying strategy.
If we were buying in Palm Bay Colony today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Palm Bay Colony.
A condition-driven market
With no community amenities identified from current MLS listings, there is no pool, gate, or clubhouse premium baked into these prices. What you pay for is the structure, the lot, and how much work the next owner will have to do. That makes inspection findings the real negotiating lever here, more than comps alone.
The thin closing count — 34 in the tracked window — means individual sales carry outsized weight in the median. One heavily renovated flip or one distressed sale can nudge the headline figure. Read each listing on its own terms and lean on recent comparable condition, not just the neighborhood average, before you anchor to a price.
The location and the amenities are priced into every listing in Palm Bay Colony. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Palm Bay Colony buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 5 factors (6.0). Basis: Long-Term Appreciation +309% since 2012; Recent Direction -16.6% year-over-year; Liquidity & Demand 4.0 months of supply; Owner Commitment 60% owner-occupied; Pricing Power 94.2% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a soft, condition-driven market with few closings, the win comes from reading each home accurately and negotiating against real repair costs. We help buyers price the work, not just the address, and we help sellers set a number that actually moves in a market that is giving buyers time to think.
Palm Bay Colony in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $45/month (about $540/yr) · median of 61 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $45 per month ($540 a year) — the median AssociationFee across 61 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, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Palm Bay Colony buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Palm Bay Colony sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Palm Bay Colony, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Palm Bay Colony home worth?
Get a no-obligation home value based on real comparable sales in Palm Bay Colony, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Palm Bay →
Recently off market in Palm Bay Colony
Homes in Palm Bay Colony that recently left the market. Each address opens its public-record profile: county-recorded value, property taxes, the last recorded sale, community sales history, and what is for sale nearby now. 6 on record.
- 1748 Coco Plum Street · off market
- 1797 Coco Plum Street · off market
- 1801 Live Oak Street · off market
- 1836 Big Cypress Street · off market
- 1967 Big Cypress Street · off market
- 2310 Coconut Palm Drive · off market
Frequently Asked Questions
What is the median home price in Palm Bay Colony?
How long do homes in Palm Bay Colony take to sell?
Is Palm Bay Colony a buyer's or seller's market right now?
How many homes are in Palm Bay Colony?
What share of Palm Bay Colony is owner-occupied?
When were the homes in Palm Bay Colony built?
Have Palm Bay Colony home prices gone up?
Who is the best real estate agent for Palm Bay Colony?
How do I find a top Palm Bay real estate agent who knows Palm Bay Colony?
Can Momentum Realty connect me with an agent for Palm Bay Colony?
Where is Palm Bay Colony, and what county is it in?
Is Palm Bay Colony in a flood zone?
Is Palm Bay Colony a good place to live?
Should you buy in Palm Bay Colony?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: September 26, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (7 streets, ZIP 32905/32908)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (636 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Palm Bay Colony fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Palm Bay Colony with Momentum Realty’s local guides.