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PALM BAY, FL 32907

Real Estate Market Report
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The PALM BAY, FL real estate market (32907) currently shows 436 active listings, with 151 pending sales. Homes are averaging 60 days on the market before going under contract.

Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 60 days on market compared to 58 days last year.

The median listing price has risen 1.5% year-over-year, from $345,271 to $350,392.

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

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

Market Overview

Active Listings
436
⇧ 7.1% vs 407 last year
Pending
151
35% pending ratio
Median Price
$350,392
⇧ 1.5% vs $345,271 last year
Average Price
$374,100
⇧ 5.5% vs $354,611 last year
Days on Market
60
⇧ 3.4% vs 58 days last year

Price Per Square Foot

Median $/sqft
$200
vs $200/sqft last year
Median Home Size
1,823 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 436 this year vs 407 last year
  • Days on market: 60 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $350,392 (+1.5% YoY)
  • Average: $374,100 (+5.5% 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 26.8 miles — 3,404 listings ($1,834,235,552 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32907Palm Bay, FL 329070.0 mi367$135,348,499$349,997$368,797
32905Palm Bay, FL 329055.1 mi211$62,169,462$262,473$294,642
32904Melbourne, FL 329046.7 mi187$80,800,269$425,000$432,087
32909Palm Bay, FL 329097.9 mi509$190,442,350$354,923$374,150
32903Indialantic, FL 329038.6 mi151$112,241,320$695,000$743,320
32949Grant, FL 3294910.3 mi47$34,436,994$609,725$732,702
32937Satellite Beach, FL 3293711.8 mi237$154,129,632$513,750$650,336
32940Melbourne, FL 3294014.7 mi461$265,052,411$450,000$574,951
32958Sebastian, FL 3295819.3 mi291$160,717,554$396,749$552,294
32952Merritt Island, FL 3295220.9 mi171$152,546,535$574,000$892,085
32931Cocoa Beach, FL 3293121.4 mi277$174,502,521$477,450$629,973
32967Vero Beach, FL 3296724.9 mi489$308,978,073$455,800$631,857
34739Kenansville, FL 3473926.8 mi6$2,869,932$384,675$478,322

Frequently Asked Questions

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

As of June 2026, there are 436 active listings in PALM BAY, FL (zip code 32907), compared to 407 the prior year.

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

The median listing price in PALM BAY, FL 32907 is $350,392 as of June 2026, a 1.5% increase from $345,271 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 60 days on the market before going under contract, compared to 58 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 June 2026, PALM BAY, FL 32907 is currently a Buyer's Market. Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 60 days on market compared to 58 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 $7,008 compared to a typical 5% commission on the median listing price of $350,392. 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.