Palm Bay, FL Home Values & Market Trends
Real estate market trends reflect that there have been 3,698 transactions over the past year in Palm Bay. The median value for residential home transactions that occurred over the previous year is $319,376. The number of current listings in Palm Bay is 4,502, and the percentage of properties for sale in the city is 4502.00%. Palm Bay, FL currently has 505 properties in foreclosure, 20 bank owned properties, 50 properties headed for auction, and 4,502 properties for sale.
Palm Bay, FL Real Estate Market Overview
Housing Market Summary for Palm Bay, FL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $325K | $336.6K | 3.56% |
| Median Sold Price | $292.1K | $294.8K | 0.93% |
| Homes For Sale | 2,555 | 4,470 | 74.95% |
| Homes Sold | 1,269 | 876 | -30.97% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Palm Bay, FL
Browse Homes in Palm Bay, FL
Palm Bay home values range from $73,460 to $3,500,000. The median estimated value of a home in Palm Bay is $319,376. The median list price of a home is 336,511.211, and the total count of properties in the city is 6,379.
- Pre-ForeclosurePre-foreclosure homes account for 6.82% of all residential properties in Palm Bay, FL with 32909 containing 151 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Palm Bay, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,151,032 in 32908 to the lowest home value of $99,493 in 32905.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palm Bay, FL ranges from the highest value of $275,000 in 32908 to the lowest value of $108,000 in 32905. Bank owned homes and properties account for 0.31% of properties in Palm Bay, FL. There are 4 zips within Palm Bay, FL; 32905 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions32907 has 17 auction properties, the highest number of properties going to auction in a single zip in the state of Palm Bay, FL. Auction homes and other auction properties account for 0.78% of all properties in Palm Bay, FL. There are 4 zips within Palm Bay, FL; of those zips, the median estimated home value for homes going to auction ranges from $469,437 in 32909 to the lowest value of $148,750 in 32909.
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Guide for Palm Bay, FL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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