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Palm Bay, FL 32907 Housing Market

Data snapshot: August 26, 2026. Closed-sale window: last 6 months.
Palm Bay, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 2.55
ActiveActive listings: 3131PendingPending sales: 7979
Palm Bay, FL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $370k$370kSoldMedian sold price (last 6 months): $315k$315k
What homes actually sell for in Palm Bay, FL
Distribution of 575 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $255k to $370k
$120k to $163k: 21 sales$120k$163k to $206k: 29 sales$206k to $249k: 52 sales$206k$249k to $292k: 103 sales$292k to $336k: 117 sales117sales$292k$336k to $379k: 99 sales$379k to $422k: 56 sales$379k$422k to $465k: 41 salesMedian $315k

What the numbers say

As of August 26, 2026, Resideline is tracking 31 active listings and 79 pending sales in ZIP code 32907. That pending-to-active ratio of 2.55 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $370,000, while the median of the 575 closed sales Resideline tracked over the last six months was $315,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. The median active listing in 32907 has been on the market for 5 days.

Frequently asked questions

What is the median home price in 32907?

The median closed sale price in Palm Bay, FL 32907 was $315,000 over the last six months, based on 575 closed sales tracked by Resideline. The middle half of those sales ranged from $255,000 to $370,000.

Is 32907 a buyer's or seller's market?

Resideline is currently tracking 79 pending sales against 31 active listings in 32907, a pending-to-active ratio of 2.55. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 32907 currently looks like a seller's market.

Nearby ZIP code market data

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