Palm Bay - FL housing market
The Palm Bay metro has a typical home value of $344,486, down 1.8% 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 ($344,486) 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 1.8% over the past year. A home worth $350,800 last year is now worth roughly $344,486.
The median sale price , what homes actually close for , is $342,092. Homes are selling at 96.7% 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 28.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,107 new listings hit the market each month in Palm Bay - FL. There are currently 4,535 homes for sale, down 14.9% from a year ago.
The typical monthly rent in Palm Bay - FL is $1,914, up 1.2% 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 | $476,598 | -2.2% | 52.0d |
| Tampa - FL | $361,156 | -2.9% | 34.0d |
| Orlando - FL | $387,301 | -2.8% | 33.0d |
| Jacksonville - FL | $353,742 | -1.3% | 42.0d |
| North Port - FL | $404,078 | -5.4% | 52.0d |
| Cape Coral - FL | $338,436 | -6.4% | 68.0d |