Housing in Palm Bay
Palm Bay's housing-price data is unusually tightly clustered for this cluster: Redfin cites a $321,500 median (2026, down 3% year-over-year), with separate 2026 snapshots landing at $315,000 (January) and $317,000 (July) -- a roughly $315K-$322K range, more agreement across sources than most other Space Coast cities. Homes are moving in about 70 days, down 12.5% year-over-year, with a modest 1.5-month supply.
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Learn morePrice: Unusually Tight Agreement Across Sources
Redfin's Palm Bay housing-market page cites a $321,500 median sale price (2026, down 3% year-over-year); separate snapshots this session cited $315,000 for January 2026 and $317,000 for July 2026. That $315K-$322K spread is narrower than the disagreements seen in nearby Cocoa or Melbourne, giving Palm Bay's price figure more confidence than most other cities in this cluster.
A Wide Range of Housing Stock, Priced by Tier
Redfin's price-tier breakdown for January 2026 shows real range within the city: a bottom-tier median of $130,064, a starter-tier median of $264,393, a mid-tier median of $356,363, a high-tier median of $545,818, and a luxury-tier median of $1,204,453. That spread reflects Palm Bay's large land area and mixed housing stock -- from older, smaller Port Malabar-era homes to newer construction -- more than a single citywide median can convey.
Market Pace: Faster Than a Year Ago, Near List Price
Homes in Palm Bay are selling in about 70 days on the market, a 12.5% decrease from a year earlier, with a moderate 1.5-month supply of inventory and properties closing at 98.41% of asking price -- a genuinely balanced, neither steeply buyer- nor seller-favored market as of this snapshot.
A Data Gap: No City-Level Rental Figure Confirmed
This research pass focused on for-sale housing data and did not independently confirm a Palm Bay-specific rental-market figure (average rent by unit size). Renters should check current listings directly rather than assume a Florida statewide or Brevard County average applies precisely to Palm Bay.
Key takeaways
- Palm Bay's median sale price runs $315,000-$322,000 across sources checked this session (Redfin, 2026 snapshots) -- an unusually tight range for this cluster, with the most-cited figure at $321,500, down 3% year-over-year.
- Price-tier data shows real range within the city: from a $130,064 bottom-tier median to a $1,204,453 luxury-tier median (Redfin, January 2026).
- Homes are selling in about 70 days (down 12.5% YoY) with a 1.5-month supply, closing at 98.41% of asking price -- a fairly balanced market as of this snapshot.
- No Palm Bay-specific rental figure was confirmed this research pass -- a genuine data gap, check current listings directly.
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