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The Falls

PALM BAY, FL 32907

Real Estate Market Report  ·  Brevard County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
348
⇩ 1.7% vs 354 last year
Pending
91
26% pending ratio
Median Price
$349,900
⇩ 0.4% vs $351,246 last year
Average Price
$367,363
⇧ 1.9% vs $360,529 last year
Days on Market
70
⇧ 4.5% vs 67 days last year

Market Context

Population: 47,823  ·  Density: 1,042.8/mi²  ·  Median household income: $67,002

Typical home value: $229,226  ·  Homeownership: 86.6%

Market Analysis

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

The PALM BAY, FL real estate market (32907) currently shows 348 active listings, with 91 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 70 days on market compared to 67 days last year.

The median listing price has fallen 0.4% year-over-year, from $351,246 to $349,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 348 this year vs 354 last year
  • Days on market: 70 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $349,900 (-0.4% YoY)
  • Average: $367,363 (+1.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.8 miles — 3,122 listings ($1,673,394,381 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32907Palm Bay, FL 329070.0 mi348$127,842,324$349,900$367,363
32905Palm Bay, FL 329055.1 mi197$57,038,001$260,000$289,533
32904Melbourne, FL 329046.7 mi178$76,616,006$429,900$430,427
32909Palm Bay, FL 329097.9 mi488$178,379,616$347,000$365,532
32903Indialantic, FL 329038.6 mi142$106,123,274$649,900$747,347
32949Grant, FL 3294910.3 mi43$36,150,745$674,991$840,715
32937Satellite Beach, FL 3293711.8 mi208$137,957,664$540,000$663,258
32940Melbourne, FL 3294014.7 mi417$240,462,633$460,605$576,649
32958Sebastian, FL 3295819.3 mi260$148,420,480$395,000$570,848
32952Merritt Island, FL 3295220.9 mi163$143,543,342$578,000$880,634
32931Cocoa Beach, FL 3293121.4 mi256$164,916,224$479,450$644,204
32967Vero Beach, FL 3296724.9 mi417$253,542,672$460,000$608,016
34739Kenansville, FL 3473926.8 mi5$2,401,400$389,000$480,280

Frequently Asked Questions

How many homes are for sale in PALM BAY, FL 32907?

As of January 2026, there are 348 active listings in PALM BAY, FL (zip code 32907), compared to 354 the prior year.

What is the median home price in PALM BAY, FL 32907?

The median listing price in PALM BAY, FL 32907 is $349,900 as of January 2026, a 0.4% decrease from $351,246 the prior year.

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

Homes in PALM BAY, FL 32907 spend an average of 70 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in PALM BAY, FL 32907?

Based on current inventory and days-on-market data as of January 2026, PALM BAY, FL 32907 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 70 days on market compared to 67 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 32907 save an estimated $6,998 compared to a typical 5% commission on the median listing price of $349,900. 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.