Population: 47,823 · Density: 1,042.8/mi² · Median household income: $67,002
Typical home value: $229,226 · Homeownership: 86.6%
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32907 | Palm Bay, FL 32907 | 0.0 mi | 348 | $127,842,324 | $349,900 | $367,363 |
| 32905 | Palm Bay, FL 32905 | 5.1 mi | 197 | $57,038,001 | $260,000 | $289,533 |
| 32904 | Melbourne, FL 32904 | 6.7 mi | 178 | $76,616,006 | $429,900 | $430,427 |
| 32909 | Palm Bay, FL 32909 | 7.9 mi | 488 | $178,379,616 | $347,000 | $365,532 |
| 32903 | Indialantic, FL 32903 | 8.6 mi | 142 | $106,123,274 | $649,900 | $747,347 |
| 32949 | Grant, FL 32949 | 10.3 mi | 43 | $36,150,745 | $674,991 | $840,715 |
| 32937 | Satellite Beach, FL 32937 | 11.8 mi | 208 | $137,957,664 | $540,000 | $663,258 |
| 32940 | Melbourne, FL 32940 | 14.7 mi | 417 | $240,462,633 | $460,605 | $576,649 |
| 32958 | Sebastian, FL 32958 | 19.3 mi | 260 | $148,420,480 | $395,000 | $570,848 |
| 32952 | Merritt Island, FL 32952 | 20.9 mi | 163 | $143,543,342 | $578,000 | $880,634 |
| 32931 | Cocoa Beach, FL 32931 | 21.4 mi | 256 | $164,916,224 | $479,450 | $644,204 |
| 32967 | Vero Beach, FL 32967 | 24.9 mi | 417 | $253,542,672 | $460,000 | $608,016 |
| 34739 | Kenansville, FL 34739 | 26.8 mi | 5 | $2,401,400 | $389,000 | $480,280 |
As of January 2026, there are 348 active listings in PALM BAY, FL (zip code 32907), compared to 354 the prior year.
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.
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.
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.
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.