#1042635, Michael Joseph DeVivo, Dennis Quolke, Listing Office: Blue Marlin Real Estate
Palm Bay Housing Market Report March 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 Buyer's Market
Difference Since March 2024
At the same time last year, Palm Bay was a Seller's Market.
Palm Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Palm Bay have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Palm Bay was $332,634 in March 2025, up 0.6% from last year, and the median price per square foot was $193.
Median Sold Price By Cities
City | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
Grant-Valkaria | $351.2K | $428.2K | +21.9% |
West Brevard | $498.7K | $569.9K | +14.3% |
Malabar | $565K | $580.5K | +2.7% |
Palm Bay | $330.7K | $332.6K | +0.6% |
West Melbourne | $408.6K | $399.4K | -2.3% |
Median Sold Price By Bedrooms
Beds | Mar 2024 | Mar 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $140K | $130K | -7.1% |
22 Bedrooms | $218K | $225K | +3.2% |
33 Bedrooms | $309K | $305K | -1.3% |
44 Bedrooms | $349.4K | $359.9K | +3.0% |
55+ Bedrooms | $434K | $420K | -3.2% |
Summary: Palm Bay housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.1%. The home price for 2 bedroom homes increased by +3.2%. The home price for 3 bedroom homes decreased by -1.3%. The home price for 4 bedroom homes increased by +3.0%. The home price for 5 bedroom homes decreased by -3.2%.
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 |
---|---|---|
1,865Last MonthMar 2025 | ||
1,7222 months agoFeb 2025 | +8.3 % Change MoMFeb – Mar |
Summary: The Palm Bay real estate market had 1,865 homes for sale in Mar 2025, a 8.3 % increase compared to Feb 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
212Last MonthMar 2025 | ||
2312 months agoFeb 2025 | -8.2 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
Beds | Feb 2025 | Mar 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 3 | 4 | +33.3% |
33 Bedrooms | 805 | 899 | +11.7% |
55+ Bedrooms | 51 | 53 | +3.9% |
22 Bedrooms | 125 | 148 | +18.4% |
44 Bedrooms | 738 | 761 | +3.1% |
Summary: Palm Bay housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes increased by +11.7%. The inventory for 5 bedroom homes increased by +3.9%. The inventory for 2 bedroom homes increased by +18.4%. The inventory for 4 bedroom homes increased by +3.1%.
Asking Price vs. Sold Price
How much do homes in Palm Bay, FL cost?
Over Asking Price20 Homes
At Asking Price71 Homes
Under Asking Price121 Homes
If you're buying a home in Palm Bay, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 212 homes were sold or pending in Palm Bay in March 2025, down by 8.2% month-over-month. Of the 212 sold homes, 57% were sold under asking, 33% were sold at asking, and and 9% 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 Days67 Homes
30 – 90 Days86 Homes
Over 90 Days59 Homes
Avg time on Rocket Homes in Palm Bay has remained consistent over time.
Summary: During March 2025, 212 homes were sold in Palm Bay; 32% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
72 DaysThis YearMar 2025 | ||
67 Days1 year agoMar 2024 | +7.1 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Palm Bay had an average listing age of 72 days in Mar 2025, up by 7.1% 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 04/01/2023 - 04/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 1:20:58 PM 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.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 1:20:03 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: 4/9/2025, 1:20:53 PM 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: 4/9/2025, 1:20:53 PM 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: 4/9/2025, 1:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.