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PALM BAY, FL 32905

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

Market Analysis

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

The PALM BAY, FL real estate market (32905) currently shows 211 active listings, with 54 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 70 days on market compared to 65 days last year.

The median listing price has risen 3.6% year-over-year, from $253,473 to $262,473.

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: 24,971  ·  Density: 993.8/mi²  ·  Median household income: $54,145

Typical home value: $182,602  ·  Homeownership: 57.7%

Market Overview

Active Listings
211
⇩ 3.2% vs 218 last year
Pending
54
26% pending ratio
Median Price
$262,473
⇧ 3.6% vs $253,473 last year
Average Price
$294,642
⇧ 4.6% vs $281,624 last year
Days on Market
70
⇧ 7.7% vs 65 days last year

Price Per Square Foot

Median $/sqft
$197
⇧ 2.1% vs $193/sqft last year
Median Home Size
1,309 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 211 this year vs 218 last year
  • Days on market: 70 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $262,473 (+3.6% YoY)
  • Average: $294,642 (+4.6% 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
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 25.6 miles — 2,785 listings ($2,286,510,167 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32905Palm Bay, FL 329050.0 mi197$57,038,001$260,000$289,533
32950Malabar, FL 329504.1 mi21$16,195,515$700,000$771,215
32903Indialantic, FL 329035.4 mi142$106,123,274$649,900$747,347
32908Palm Bay, FL 329087.9 mi268$99,134,004$351,950$369,903
32935Melbourne, FL 329358.3 mi222$72,886,374$289,900$328,317
32934Melbourne, FL 329349.9 mi74$51,357,998$562,225$694,027
32904Melbourne, FL 3290411.7 mi178$76,616,006$429,900$430,427
32940Melbourne, FL 3294016.0 mi417$240,462,633$460,605$576,649
32948Fellsmere, FL 3294818.9 mi20$15,593,880$707,750$779,694
32952Merritt Island, FL 3295220.2 mi163$143,543,342$578,000$880,634
32967Vero Beach, FL 3296723.6 mi417$253,542,672$460,000$608,016
32963Vero Beach, FL 3296324.9 mi534$1,099,671,540$1,150,000$2,059,310
34773Saint Cloud, FL 3477325.6 mi132$54,344,928$409,990$411,704

Frequently Asked Questions

How many homes are for sale in PALM BAY, FL 32905?

As of February 2026, there are 211 active listings in PALM BAY, FL (zip code 32905), compared to 218 the prior year.

What is the median home price in PALM BAY, FL 32905?

The median listing price in PALM BAY, FL 32905 is $262,473 as of February 2026, a 3.6% increase from $253,473 the prior year.

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

Homes in PALM BAY, FL 32905 spend an average of 70 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in PALM BAY, FL 32905?

Based on current inventory and days-on-market data as of February 2026, PALM BAY, FL 32905 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 70 days on market compared to 65 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 32905 save an estimated $5,249 compared to a typical 5% commission on the median listing price of $262,473. 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.