Is Palm Bay, FL 32911 a buyer’s or seller’s market?
Palm Bay is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Palm Bay housing market right now
In the three months ending August 31, 2026, 0% of homes in Palm Bay, FL 32911 sold above their list price and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
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Where Palm Bay is
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Questions about Palm Bay real estate
Is Palm Bay a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Palm Bay, FL 32911 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Palm Bay sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What is the median home price in Palm Bay?
The median sale price was $374,838 in the three months ending August 31, 2026, about $167 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology