Palm Bay, FL housing market
What's happening in the Palm Bay market right now.
Buyer's or seller's market?
Palm Bay, FL leans toward a buyer's market: homes in Brevard County take a median of 71 days to sell, and the number for sale is −17.5% on a year ago. Buyers have room to negotiate; sellers should price carefully.
12-month outlook
−3% to +1% for the typical Palm Bay home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, August 2026 · Zillow Observed Rent Index, August 2026 · Realtor.com county data, August 2026. Listing figures are for Brevard County as a whole.
Palm Bay market — questions answered
What is the typical home value in Palm Bay, FL?
$303,910 as of August 2026, −1.7% on a year earlier (Zillow Home Value Index).
Are home prices going up in Palm Bay, FL?
No — the typical home value changed −1.7% over the year to August 2026 and +16.7% over five years.
Is Palm Bay, FL a buyer's or seller's market?
It leans toward buyers: the median home in Brevard County sells in 71 days (Realtor.com, August 2026).
How much is rent in Palm Bay, FL?
The typical rent is $1,867 a month as of August 2026, +1.1% on a year earlier (Zillow Observed Rent Index).
How many homes are for sale in Palm Bay, FL?
3,548 homes were listed for sale across Brevard County in August 2026 (Realtor.com).
Who are the best real estate agents in Palm Bay, FL?
Homegrity lists 6,668 licensed Palm Bay agents, each checked against the state license register. Placement is never bought. See them at /real-estate-agents/palm-bay.