Palm Bay - FL housing market
The Palm Bay metro has a typical home value of $344,841, down 2.2% from a year ago. Homes sell in 36 days on average - a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($344,841) is the Zillow Home Value Index for the Palm Bay - FL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 2.2% over the past year. A home worth $352,598 last year is now worth roughly $344,841.
The median sale price , what homes actually close for , is $338,904. Homes are selling at 96.6% of list price, meaning buyers have room to negotiate.
Homes listed in Palm Bay - FL sit on the market for roughly 36 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,128 new listings hit the market each month in Palm Bay - FL. There are currently 4,650 homes for sale, down 12.7% from a year ago.
The typical monthly rent in Palm Bay - FL is $1,920, up 1.5% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $475,622 | -2.9% | 52.0d |
| Tampa - FL | $360,738 | -3.4% | 34.0d |
| Orlando - FL | $387,733 | -3.1% | 33.0d |
| Jacksonville - FL | $352,994 | -1.7% | 43.0d |
| North Port - FL | $403,601 | -6.2% | 50.0d |
| Cape Coral - FL | $339,372 | -7.3% | 66.0d |