Palm Bay - FL housing market
The Palm Bay metro has a typical home value of $342,943, down 2.6% from a year ago. Homes sell in 39 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 ($342,943) 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 2.6% over the past year. A home worth $352,098 last year is now worth roughly $342,943.
The median sale price , what homes actually close for , is $340,144. Homes are selling at 96.3% of list price, meaning buyers have room to negotiate.
Homes listed in Palm Bay - FL sit on the market for roughly 39 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,102 new listings hit the market each month in Palm Bay - FL. There are currently 4,683 homes for sale, down 10.1% from a year ago.
The typical monthly rent in Palm Bay - FL is $1,900, up 1.3% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.
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.
Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $473,725 | -3.5% | 56.0d |
| Tampa - FL | $359,150 | -3.8% | 36.0d |
| Orlando - FL | $386,582 | -3.4% | 34.0d |
| Jacksonville - FL | $351,554 | -1.9% | 46.0d |
| North Port - FL | $403,701 | -6.7% | 48.0d |
| Cape Coral - FL | $340,796 | -8.1% | 65.0d |