#1051205, Iesha S King, Listing office: Realty One Group Magic City
Palm Bay Housing Market Report June 2025•Brevard County, Florida
Housing Prices in Palm Bay, FL
How much do homes in Palm Bay, FL cost?
Housing Market Conditions
Is Palm Bay, FL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Palm Bay is a Neutral Market
Difference Since June 2024
At the same time last year, Palm Bay was a Seller's Market.
Palm Bay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Palm Bay have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Palm Bay was $329,881 in June 2025, down 0.5% from last year, and the median price per square foot was $191.
Median Sold Price By Cities
City | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
Grant-Valkaria | $373.8K | $451.8K | +20.9% |
West Brevard | $512.1K | $572.2K | +11.7% |
Malabar | $585K | $585.5K | 0.1% |
Palm Bay | $331.6K | $329.8K | -0.5% |
West Melbourne | $408.8K | $396.2K | -3.1% |
Median Sold Price By Bedrooms
Beds | Jun 2024 | Jun 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $136.7K | $130K | -4.9% |
22 Bedrooms | $220K | $222.5K | +1.1% |
33 Bedrooms | $309.9K | $302.9K | -2.3% |
44 Bedrooms | $350K | $359.3K | +2.7% |
55+ Bedrooms | $420K | $480K | +14.3% |
Summary: Palm Bay housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.9%. The home price for 2 bedroom homes increased by +1.1%. The home price for 3 bedroom homes decreased by -2.3%. The home price for 4 bedroom homes increased by +2.7%. The home price for 5 bedroom homes increased by +14.3%.
How does Palm Bay, FL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Palm Bay, FL
Housing supply in Palm Bay, FL
How many homes are available in Palm Bay, FL?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
1,839Last MonthJun 2025 | ||
1,8622 months agoMay 2025 | -1.2 % Change MoMMay – Jun |
Summary: The Palm Bay real estate market had 1,839 homes for sale in Jun 2025, a 1.2 % decrease compared to May 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
276Last MonthJun 2025 | ||
3602 months agoMay 2025 | -23.3 % Change MoMMay – Jun |
Homes For Sale By Bedroom Count
Beds | May 2025 | Jun 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 7 | 5 | -28.6% |
22 Bedrooms | 121 | 125 | +3.3% |
33 Bedrooms | 913 | 897 | -1.8% |
44 Bedrooms | 756 | 745 | -1.5% |
55+ Bedrooms | 65 | 67 | +3.1% |
Summary: Palm Bay housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -28.6%. The inventory for 2 bedroom homes increased by +3.3%. The inventory for 3 bedroom homes decreased by -1.8%. The inventory for 4 bedroom homes decreased by -1.5%. The inventory for 5 bedroom homes increased by +3.1%.
Asking Price vs. Sold Price
How much do homes in Palm Bay, FL cost?
Over Asking Price33 Homes
At Asking Price95 Homes
Under Asking Price148 Homes
If you're buying a home in Palm Bay, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 276 homes were sold or pending in Palm Bay in June 2025, down by 23.3% month-over-month. Of the 276 sold homes, 54% were sold under asking, 34% were sold at asking, and and 12% were sold over asking.
Days on Market for Palm Bay, FL
How long does it take to sell a home in Palm Bay, FL?
Breakdown of Home Sale Times
Under 30 Days97 Homes
30 – 90 Days110 Homes
Over 90 Days69 Homes
Avg time on Rocket Homes in Palm Bay has remained consistent over time.
Summary: During June 2025, 276 homes were sold in Palm Bay; 35% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
70 DaysThis YearJun 2025 | ||
67 Days1 year agoJun 2024 | +4.2 % Change YoYJun 2024 – Jun 2025 |
Summary: Homes in Palm Bay had an average listing age of 70 days in Jun 2025, up by 4.2% compared to the previous year.
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Newest Listings in Palm Bay, FL
What homes are available in Palm Bay, FL?
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MLS Disclaimers and Copyright
Based on information from Space Coast MLS, Stellar MLS, Beaches MLS, Miami MLS, and Indian River County MLS for the period 07/01/2023 - 07/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 12:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/8/2025, 11:49:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 12:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 12:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/9/2025, 12:45:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.