Palm Bay - FL housing market
The Palm Bay metro has a typical home value of $344,709, down 1.3% from a year ago. Homes sell in 35 days on average, a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($344,709) is the Zillow Home Value Index for the Palm Bay - FL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 1.3% over the past year. A home worth $349,249 last year is now worth roughly $344,709.
The median sale price, what homes actually close for, is $344,708. Homes are selling at 96.8% of list price, meaning buyers have room to negotiate.
Homes listed in Palm Bay - FL sit on the market for roughly 35 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,058 new listings hit the market each month in Palm Bay - FL. There are currently 4,412 homes for sale, down 16.1% from a year ago.
The typical monthly rent in Palm Bay - FL is $1,914, up 1.3% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.0x, toss-up (#147 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $1,781 a month in principal and interest, $133 less than renting before taxes, insurance and upkeep. The two break even at a 7.42% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →
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Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $477,769 | -1.3% | 51.0d |
| Tampa - FL | $361,634 | -2.2% | 36.0d |
| Orlando - FL | $386,867 | -2.3% | 35.0d |
| Jacksonville - FL | $353,050 | -0.9% | 44.0d |
| North Port - FL | $404,446 | -4.4% | 56.0d |
| Cape Coral - FL | $337,352 | -5.4% | 70.0d |