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PALM BAY, FL 32908

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

Market Overview

Active Listings
268
⇩ 7.6% vs 290 last year
Pending
73
27% pending ratio
Median Price
$351,950
⇩ 2.3% vs $360,075 last year
Average Price
$369,903
⇧ 1.6% vs $364,203 last year
Days on Market
94
vs 94 days last year

Market Context

Population: 14,172  ·  Density: 284.9/mi²  ·  Median household income: $63,043

Typical home value: $227,932  ·  Homeownership: 90.3%

Market Analysis

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

The PALM BAY, FL real estate market (32908) currently shows 268 active listings, with 73 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers.

The median listing price has fallen 2.3% year-over-year, from $360,075 to $351,950.

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: 268 this year vs 290 last year
  • Days on market: 94 now vs 94 last year

Median & Average Pricing

Year over Year
  • Median: $351,950 (-2.3% YoY)
  • Average: $369,903 (+1.6% 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 25.6 miles — 3,024 listings ($1,737,736,669 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32908Palm Bay, FL 329080.0 mi268$99,134,004$351,950$369,903
32909Palm Bay, FL 329094.4 mi488$178,379,616$347,000$365,532
32950Malabar, FL 329507.4 mi21$16,195,515$700,000$771,215
32949Grant, FL 329499.3 mi43$36,150,745$674,991$840,715
32951Melbourne Beach, FL 3295111.2 mi176$191,331,184$749,000$1,087,109
32934Melbourne, FL 3293412.4 mi74$51,357,998$562,225$694,027
32935Melbourne, FL 3293513.4 mi222$72,886,374$289,900$328,317
32937Satellite Beach, FL 3293716.0 mi208$137,957,664$540,000$663,258
32940Melbourne, FL 3294018.4 mi417$240,462,633$460,605$576,649
32967Vero Beach, FL 3296722.2 mi417$253,542,672$460,000$608,016
32955Rockledge, FL 3295523.8 mi271$151,878,698$379,000$560,438
32952Merritt Island, FL 3295225.0 mi163$143,543,342$578,000$880,634
32931Cocoa Beach, FL 3293125.6 mi256$164,916,224$479,450$644,204

Frequently Asked Questions

How many homes are for sale in PALM BAY, FL 32908?

As of January 2026, there are 268 active listings in PALM BAY, FL (zip code 32908), compared to 290 the prior year.

What is the median home price in PALM BAY, FL 32908?

The median listing price in PALM BAY, FL 32908 is $351,950 as of January 2026, a 2.3% decrease from $360,075 the prior year.

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

Homes in PALM BAY, FL 32908 spend an average of 94 days on the market before going under contract, compared to 94 days the prior year.

Is it a seller's or buyer's market in PALM BAY, FL 32908?

Based on current inventory and days-on-market data as of January 2026, PALM BAY, FL 32908 is currently a Balanced Market. Inventory has tightened compared to last year, with 22 fewer active listings — creating more competition among buyers.

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 32908 save an estimated $7,039 compared to a typical 5% commission on the median listing price of $351,950. 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.