Is Palm Bay, FL 32907 a buyer’s or seller’s market?

The Palm Bay housing market right now

In the three months ending August 31, 2026, 15% of homes in Palm Bay, FL 32907 sold above their list price, the typical home went under contract in 54 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 291 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (59 days then) and the median sale price fell 3% to $325,339. Overall, Palm Bay is more competitive than a year ago, so tougher for buyers.

Within Brevard County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 92%. On our competition score, Palm Bay ranks #108 of 796 FL ZIP codes with enough sales (score 35 out of 100).

Nearby, buyers who want less competition could look at Grant 32949 (0% sold over asking) or Cape Canaveral 32920 (0% sold over asking), while Malabar 32950 (18% sold over asking) is even more competitive.