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PALM BAY, FL 32909

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The PALM BAY, FL real estate market (32909) currently shows 509 active listings, with 156 pending sales. Homes are averaging 81 days on the market before going under contract.

Inventory has tightened compared to last year, with 52 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 81 days on market compared to 69 days last year.

The median listing price has fallen 1.4% year-over-year, from $360,000 to $355,000.

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: 36,725  ·  Density: 245.9/mi²  ·  Median household income: $71,783

Typical home value: $238,527  ·  Homeownership: 82.4%

Market Overview

Active Listings
509
⇩ 9.3% vs 561 last year
Pending
156
31% pending ratio
Median Price
$355,000
⇩ 1.4% vs $360,000 last year
Average Price
$381,872
⇧ 0.1% vs $381,388 last year
Days on Market
81
⇧ 17.4% vs 69 days last year

Price Per Square Foot

Median $/sqft
$200
vs $200/sqft last year
Median Home Size
1,828 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 509 this year vs 561 last year
  • Days on market: 81 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $355,000 (-1.4% YoY)
  • Average: $381,872 (+0.1% 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 27.7 miles — 2,562 listings ($2,350,155,631 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32909Palm Bay, FL 329090.0 mi509$190,442,350$354,923$374,150
32949Grant, FL 329496.4 mi47$34,436,994$609,725$732,702
32976Sebastian, FL 329767.8 mi35$14,278,250$380,990$407,950
32951Melbourne Beach, FL 329519.4 mi193$207,179,131$740,750$1,073,467
32948Fellsmere, FL 3294810.3 mi25$18,795,225$697,750$751,809
32901Melbourne, FL 3290112.2 mi178$79,496,936$326,225$446,612
32903Indialantic, FL 3290314.7 mi151$112,241,320$695,000$743,320
32934Melbourne, FL 3293416.3 mi77$57,537,018$570,613$747,234
32967Vero Beach, FL 3296717.8 mi489$308,978,073$455,800$631,857
32963Vero Beach, FL 3296320.3 mi570$1,181,160,270$1,150,000$2,072,211
32968Vero Beach, FL 3296823.6 mi150$87,521,100$500,000$583,474
34773Saint Cloud, FL 3477326.9 mi132$55,219,032$409,990$418,326
34739Kenansville, FL 3473927.7 mi6$2,869,932$384,675$478,322

Frequently Asked Questions

How many homes are for sale in PALM BAY, FL 32909?

As of March 2026, there are 509 active listings in PALM BAY, FL (zip code 32909), compared to 561 the prior year.

What is the median home price in PALM BAY, FL 32909?

The median listing price in PALM BAY, FL 32909 is $355,000 as of March 2026, a 1.4% decrease from $360,000 the prior year.

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

Homes in PALM BAY, FL 32909 spend an average of 81 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in PALM BAY, FL 32909?

Based on current inventory and days-on-market data as of March 2026, PALM BAY, FL 32909 is currently a Balanced Market. Inventory has tightened compared to last year, with 52 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 81 days on market compared to 69 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 32909 save an estimated $7,100 compared to a typical 5% commission on the median listing price of $355,000. 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.