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PALM BAY, FL 32905

Real Estate Market Report  ·  Brevard County
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The PALM BAY, FL real estate market (32905) currently shows 200 active listings, with 59 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 68 days on market compared to 75 days last year.

The median listing price has fallen 0.8% year-over-year, from $259,000 to $257,000.

Whether you are buying or selling in PALM BAY, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 24,971  ·  Density: 993.8/mi²  ·  Median household income: $54,145

Typical home value: $182,602  ·  Homeownership: 57.7%

Market Overview

Active Listings
200
⇩ 9.1% vs 220 last year
Pending
59
30% pending ratio
Median Price
$257,000
⇩ 0.8% vs $259,000 last year
Average Price
$284,908
⇩ 4.2% vs $297,327 last year
Days on Market
68
⇩ 9.3% vs 75 days last year

Price Per Square Foot

Median $/sqft
$188
⇩ 3.1% vs $194/sqft last year
Median Home Size
1,335 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 200 this year vs 220 last year
  • Days on market: 68 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $257,000 (-0.8% YoY)
  • Average: $284,908 (-4.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.6 miles — 3,073 listings ($2,521,138,048 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32905Palm Bay, FL 329050.0 mi211$62,169,462$262,473$294,642
32950Malabar, FL 329504.1 mi25$18,758,250$675,000$750,330
32903Indialantic, FL 329035.4 mi151$112,241,320$695,000$743,320
32908Palm Bay, FL 329087.9 mi301$114,076,291$359,975$378,991
32935Melbourne, FL 329358.3 mi273$93,803,892$289,450$343,604
32934Melbourne, FL 329349.9 mi77$57,537,018$570,613$747,234
32904Melbourne, FL 3290411.7 mi187$80,800,269$425,000$432,087
32940Melbourne, FL 3294016.0 mi461$265,052,411$450,000$574,951
32948Fellsmere, FL 3294818.9 mi25$18,795,225$697,750$751,809
32952Merritt Island, FL 3295220.2 mi171$152,546,535$574,000$892,085
32967Vero Beach, FL 3296723.6 mi489$308,978,073$455,800$631,857
32963Vero Beach, FL 3296324.9 mi570$1,181,160,270$1,150,000$2,072,211
34773Saint Cloud, FL 3477325.6 mi132$55,219,032$409,990$418,326

Frequently Asked Questions

How many homes are for sale in PALM BAY, FL 32905?

As of June 2026, there are 200 active listings in PALM BAY, FL (zip code 32905), compared to 220 the prior year.

What is the median home price in PALM BAY, FL 32905?

The median listing price in PALM BAY, FL 32905 is $257,000 as of June 2026, a 0.8% decrease from $259,000 the prior year.

How long do homes stay on the market in PALM BAY, FL?

Homes in PALM BAY, FL 32905 spend an average of 68 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in PALM BAY, FL 32905?

Based on current inventory and days-on-market data as of June 2026, PALM BAY, FL 32905 is currently a Seller's Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 68 days on market compared to 75 days last year.

How much can I save on real estate commission in PALM BAY, FL?

With SELL123.com's maximum 3% commission, sellers in PALM BAY, FL 32905 save an estimated $5,140 compared to a typical 5% commission on the median listing price of $257,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.