$45,000
2065 SE Cogan Dr
Palm Bay, FL
Land10,019 sqft lot
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Sarah Mitchell
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Compass Real Estate · Palm Bay, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Palm Bay, FL(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Palm Bay, FL Housing Market & Real Estate
Leaning buyer's-0.6% YoY
Housing market overview · Updated monthly ·
$325,000median sale price
How is the Palm Bay, FL housing market right now?
The median home sale price in Palm Bay, FL is $325,000, down 0.6% year-over-year. Homes sell in an average of 75 days with 1,143 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palm Bay a buyer's or seller's market?
Leaning buyer's4.7 months of supply75 avg. days on market
Palm Bay, FL is currently a leaning buyer's, based on 4.7 months of supply and homes selling in about 75 days. How we determine this →
Homes sold
241
Last 12 weeks
Days on market
75
Average pace
Active listings
1,143
4.7 months supply
Sale-to-list
98.3%
Below asking
What does the Palm Bay housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,000 |
| Median list price | $338,345 |
| Year-over-year price change | -0.6% |
| Average days on market | 75 days |
| Active inventory | 1,143 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $189/sq ft |
| Homes sold (latest month) | 241 |
| New listings (latest month) | 324 |
| Listings with a price cut | 30.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Palm Bay by property type?
How the Palm Bay, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $331,000 | $190/sq ft | 227 | 78 days |
| Condo / Co-op | $172,500 | $170/sq ft | 4 | 174 days |
| Townhouse | $272,000 | $162/sq ft | 10 | 48 days |
Source: Redfin · Updated monthly
The Palm Bay housing market is currently classified as a leaning buyer's with a median sale price of $325,000. Prices have fallen 0.6% compared to last year, with homes spending an average of 75 days on market, indicating 4.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Palm Bay
There are currently 1,143 homes listed for sale in Palm Bay, Florida. The median listing price is $338K. Featured listings range from $45,000 to $472,399.
$278,990
1349 Wade St SE
Palm Bay, FL
2 bd2 ba1,239 sqft$225/ft²
House
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$316,900
1226 Waterway St SW
Palm Bay, FL
4 bd2 ba1,876 sqft$169/ft²
House
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$379,900
2166 Santa Maria Ave SE
Palm Bay, FL
4 bd2 ba1,800 sqft$211/ft²
House10,019 sqft lot
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$381,985
898 Everglade Ave SE
Palm Bay, FL
4 bd2 ba1,828 sqft$209/ft²
House
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$384,985
101 Colony Ct SE
Palm Bay, FL
4 bd2 ba1,828 sqft$211/ft²
House
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$409,900
2039 Olympia Ave SW
Palm Bay, FL
4 bd3 ba2,471 sqft$166/ft²
House
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$427,148
1806 San Filippo Dr SE
Palm Bay, FL
4 bd3 ba2,094 sqft$204/ft²
House
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$444,995
2264 Ladner Rd NE
Palm Bay, FL
4 bd3 ba2,350 sqft$189/ft²
House
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$463,937
213 Foremost Ave NW
Palm Bay, FL
4 bd3 ba2,350 sqft$197/ft²
House
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$468,949
241 Bali St SE
Palm Bay, FL
4 bd3 ba2,350 sqft$200/ft²
House
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$472,399
1293 Helias St NW
Palm Bay, FL
4 bd3 ba2,350 sqft$201/ft²
House
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Looking to buy in Palm Bay?
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Active listings
1,143
Homes on market
Median list price
$338K
Avg. days on market
75
Days until sale
New this week
324
Newly listed
Price drops:30.4%of listings
Sale-to-list:98.3%
Who lives in Palm Bay?
Population
125,273
Median income
$67,521/yr
Median age
41.3 years
Owner-occupied
79.4%
College grads
22.6%
Avg commute
27.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Palm Bay?
Zillow home value
$305,330
Zillow rent index
$1,881/mo
Price-to-rent ratio
13.5x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Palm Bay?
Palm Bay is a community of approximately 125K residents with a median age of 41.3 years.The median household income is $67,521, which represents a working-class community with solid middle-income opportunities. 22.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palm Bay offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palm Bay?
20 schools tracked · 17,351 students
The largest public schools serving Palm Bay, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BAYSIDE HIGH SCHOOL
Grades 9-12 · 2,040 students
HERITAGE HIGH SCHOOL
Grades 9-12 · 2,023 students
ODYSSEY CHARTER SCHOOL
Grades K-12 · 1,913 students
PINEAPPLE COVE CLASSICAL ACADEMY
Grades K-12 · 1,067 students
SOUTHWEST MIDDLE SCHOOL
Grades 7-8 · 899 students
SUNRISE ELEMENTARY SCHOOL
Grades PK-6 · 868 students
WESTSIDE ELEMENTARY SCHOOL
Grades PK-6 · 867 students
JUPITER ELEMENTARY SCHOOL
Grades PK-6 · 852 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palm Bay, FL?
Want a head-to-head view? Compare Palm Bay side-by-side with any other U.S. city using our market-comparison tool.
Is Palm Bay a good real estate investment market?
For investors evaluating Palm Bay, the price-to-rent ratio of 13.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.6% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palm Bay's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palm Bay's median home price.
Frequently asked questions
What is the average home price in Palm Bay?
The median home sale price in Palm Bay is $325,000, down 0.6% from last year.
How long do homes stay on market in Palm Bay?
Homes typically spend 75 days on market before going under contract.
What is the median income in Palm Bay?
The median household income is $67,521 per year.
Is Palm Bay a buyer's or seller's market?
With 4.7 months of supply, Palm Bay is currently a leaning buyer's.
How many homes are for sale in Palm Bay?
There are currently 1143 homes listed for sale in Palm Bay, FL.
What is the Zillow home value estimate for Palm Bay?
The Zillow Home Value Index (ZHVI) for Palm Bay is $305,330, representing the typical home value in the area.
What is the median condo price in Palm Bay?
The median condo/co-op sale price in Palm Bay, FL is $172,500, compared to $331,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palm Bay?
The median single-family home price in Palm Bay, FL is $331,000 (about $190 per square foot).
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