Metropolitan market · Florida · June 2026 data

Palm Bay Real Estate Market

The Palm Bay, FL housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Palm Bay report in a click.

Median listing price
$375,000
▼ 2.2% YoY
Median $ / sq ft
$222
1,750 sq ft median
Median days on market
66
June 2026
Active listings
3,683
For sale now
New listings
1,260
June 2026
Listings with price cuts
23%
Share of active
Median sale price (closed)
$367,500
▲ 1.3% YoY · closed sales
Sale-to-list ratio
96.9%
Closed sales
Homes sold / month
1,042
Closed sales
Median listing price trend
$390K$386K$382K$378K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Palm Bay FL · trailing 8 quarters · source: public records and industry data.

The 10-year view
$417K$385K$353K$321K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Palm Bay FL · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
3,683
New this month
1,260
Pending
1,551
Price-reduced
833

As of June 2026, the median home listed in Palm Bay, FL asks $375,000 — down 2.2% from a year ago. Homes are taking a median of 66 days to go under contract, and 23% of the 3,683 active listings have taken a price cut, which points to a balanced market. Figures cover the Palm Bay-Melbourne-Titusville, FL metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
49/100
#473 of 932 covered metros
12-month outlook
-1.7%
Flat · model output, not advice
Price volatility
High
σ 11.5% · 20-yr price-index swings
Momentum
54
Value
36
Rental yield
89
Supply risk
76
Market heat
36

Palm Bay scores 49/100 on our composite Investor Score (#473 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 48% over five years and +126% over ten, leaving prices 77% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,709/mo for a two-bedroom, the gross rental yield on the median listing is about 5.5%; active inventory sits at 117% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 2.2% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Palm Bay ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$1,690/mo
−$192/mo vs today
At today's rate · 6.43%
$1,882/mo
National weekly average
If rates rise 1% · 7.43%
$2,083/mo
+$201/mo vs today

Principal & interest on the $375,000 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
4,624
▲ 0.5% vs 2024
7.5 per 1,000 residents
Net migration (2022–2023)
+10,298
▲ people, via tax-return records
net income flow +$599.8M/yr
Job growth (YoY)
-0.2%
▼ 259.7k nonfarm jobs · May 2026
Natural-hazard risk
Relatively High
National hazard index · top hazard: Hurricane

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Palm Bay market FAQs

What is the median home price in Palm Bay?
As of June 2026, the median listing price in Palm Bay, FL is $375,000, down 2.2% year over year (source: public records and industry data). Figures cover the Palm Bay-Melbourne-Titusville, FL metro area.
How fast are homes selling in Palm Bay?
The median property in Palm Bay spends 66 days on the market, with 3,683 homes actively listed and 23% of them carrying a price cut — a balanced market by pace.
Who are the top real estate agents in Palm Bay?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Palm Bay and the wider Florida market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Palm Bay-Melbourne-Titusville, FL metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.