Is Palm Bay, FL a buyer's market or a seller's market?
Palm Bay, FL is a balanced market right now. There are 4,083 homes for sale, and at the current pace of sales it would take about 3.9 months to sell all of them.
The rule of thumb agents use: under three months of homes for sale favors sellers, over five months favors buyers, and in between is a fair fight. Palm Bay, FL sits at 3.9.
Buyers and sellers are about evenly matched right now. The typical home took 69 days to go under contract, and 11% of sales closed above the asking price.
The number of homes for sale is 23% lower than a year ago. Less to choose from tends to push prices up and shorten the time to sell.
Source: Redfin's published market data for the Palm Bay, FL area, through May 2026.
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More about the Palm Bay, FL market
- When is the best month to sell a house in Palm Bay, FL?
- How long does it take to sell a house in Palm Bay, FL?
- Do homes sell above asking price in Palm Bay, FL?
- Are home prices going up or down in Palm Bay, FL?
- How many homes are for sale in Palm Bay, FL?
- All Palm Bay, FL housing numbers
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Figures come from Redfin's published market data for the Palm Bay, FL area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.