Data Analysis

Palm Bay accounted for 39 of the 51 new-construction contracts our Space Coast MLS feed logged in Brevard County from October 12 to 25, 2026, and for 422 of the county's 600 new-construction listings for sale.

Palm Bay took 39 of Brevard's 51 new-construction contracts from October 12 to 25, 2026. New homes were a third of all Palm Bay contracts.

From October 12 through October 25, 2026, our live Space Coast MLS feed logged 51 new-construction homes that went under contract in Brevard County. Palm Bay had 39 of them, or 76 percent. New construction made up 39 of Palm Bay's 120 contracts, about a third, against 27 of 115 in the 13 days from September 29 to October 11. On our live map on October 25, Palm Bay held 422 of Brevard's 600 new-construction listings for sale. All figures are ours, computed from Space Coast MLS records; information is deemed reliable but not guaranteed.

This is a two-week read on builder activity in one city. Completed-month figures for Brevard, including the Space Coast median price, days on market and closed sales, are covered in our monthly articles, and the full series sits on the Space Coast market data hub.

How much of Brevard's new-home activity is in Palm Bay?

Most of it. In the latest two weeks, the rest of the county logged 12 new-construction contracts: 4 in Cocoa, 3 in West Melbourne, 3 in Melbourne, and 1 each in Titusville and Melbourne Beach. In the earlier window, Melbourne had 7 and Palm Bay 27.

Source: Momentum Research, computed from Space Coast MLS records. Deemed reliable but not guaranteed.

On a daily basis, Brevard's new-construction contracts rose to 3.6 a day from 2.9, while total contracts across the county held near 32 to 35 a day. The share of new homes in Palm Bay's for-sale inventory, 36 percent, compares with 15 percent for the county as a whole. Builder communities are listed on our Palm Bay new construction and Brevard County new construction pages.

Which Palm Bay ZIP codes led?

ZIP code 32909, which covers southeast Palm Bay, had 21 of the 39 new-construction contracts in the latest window, up from 10 in the earlier one. ZIP codes 32907 and 32908 had 8 each, and 32905 had 2.

Several of the named communities with new listings for sale on October 25 were St. Johns Preserve with 23, Cypress Bay West with 14, Richmond Cove with 12 and the Reserve at Country Club Lakes Estates with 11. Most Palm Bay new-construction listings in our feed, 334 of 422, are not assigned to a named community.

How do new-home prices compare with resales in Palm Bay?

New homes cost more. The median list price of Palm Bay new-construction homes going under contract from October 12 to 25 was $360,000, against $299,900 for resale homes. On the live map, the median asking price was $364,995 for new-construction listings and $320,000 for resale listings.

Builders and resale sellers cut prices at similar rates. Our feed logged 216 Palm Bay price cuts in the latest window: 77 on new-construction listings, with a median cut of 2.5 percent or $10,000, and 139 on resale listings, with a median of 2.6 percent or $8,900. Brevard cut counts by week are tracked on the Brevard County price cuts page.

Is the new-home pipeline still growing?

Builders keep adding listings. Palm Bay logged 152 new listings from October 12 to 25, and 46 of them were new construction. In the earlier window it logged 137, with 37 new construction. On October 25, 153 of Palm Bay's 271 pending listings, 56 percent, were new construction.

Our September Space Coast Market Pulse, with closings through October 24, put the Brevard single-family median sale price at $380,000, up 1.3 percent from a year earlier, with a median of 35 days on market and 3.3 months of supply. New construction accounted for about 18 percent of single-family closings in September. The countywide contract count for September was 653, down 21.3 percent from a year earlier.

What does this mean for buyers and sellers in Palm Bay?

For buyers, Palm Bay offers the largest choice of new homes in Brevard, and the cut data shows builders adjusting prices as often as resale sellers. Builder incentives can change the effective price, so the list price is only part of the comparison. For resale sellers in Palm Bay, new homes at a median near $365,000 sit next to resale listings priced about $45,000 lower, which sets the comparison buyers will make. Ownership costs differ by location; see Palm Bay home insurance cost and the Palm Bay market page. Prices for nearby cities are on the Melbourne, West Melbourne and Cocoa market pages.

People also ask

Where is most new construction in Brevard County?

In our Space Coast MLS feed, Palm Bay held 422 of Brevard County's 600 new-construction listings for sale on October 25, 2026, and 39 of the county's 51 new-construction contracts from October 12 to 25.

Are new homes in Palm Bay more expensive than resales?

Yes. New-construction homes that went under contract in Palm Bay from October 12 to 25, 2026 had a median list price of $360,000, against $299,900 for resale homes.

Are Palm Bay builders cutting prices?

Our feed logged 77 price cuts on Palm Bay new-construction listings from October 12 to 25, 2026, with a median cut of 2.5 percent or $10,000.

Limitations

Counts come from the change log of our live Space Coast MLS feed, which records a change when our refresh sees it. A listing that changed more than once in a category within a window is counted once. Contracts are listings moving from active to pending or active under contract. The earlier window is 13 days, so comparisons use daily rates where noted. New construction is identified from the listing's MLS fields, and builder incentives are not captured. Active and pending counts are a live map snapshot from October 25, 2026 and can differ from monthly reports. Two weeks is a short period. Figures may be revised as the MLS updates records. This article is general information, not advice about any specific property or transaction.

Sources and links

• Momentum Research, computed from Space Coast MLS records (listing change log, September 29 to October 25, 2026; live map snapshot, October 25, 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.
• Momentum Research, September 2026 Space Coast Market Pulse, closings through October 24, 2026.
• Full monthly series and per-feed attribution: Space Coast market data

Disclosure: Jon Brooks is a co-founder of Momentum Realty, a Florida real estate brokerage that owns and funds Florida Housing Intelligence. Momentum has a financial interest in Florida real estate transactions, including in markets named here. See our editorial standards.