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Palm Bay, FL 32909 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: 1.54
ActiveActive listings: 5050PendingPending sales: 7777
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): $350k$350kSoldMedian sold price (last 6 months): $325k$325k
What homes actually sell for in Palm Bay, FL
Distribution of 680 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $280k to $370k
$166k to $211k: 30 sales$166k$211k to $255k: 45 sales$255k to $299k: 112 sales$255k$299k to $343k: 185 sales185sales$343k to $387k: 147 sales$343k$387k to $432k: 55 sales$432k to $476k: 29 sales$432k$476k to $520k: 9 salesMedian $325k

What the numbers say

As of August 26, 2026, Resideline is tracking 50 active listings and 77 pending sales in ZIP code 32909. That pending-to-active ratio of 1.54 points to a seller's market: buyers are absorbing inventory quickly relative to what is available.

The median asking price of current listings is $350,000, while the median of the 680 closed sales Resideline tracked over the last six months was $325,000. 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 32909 has been on the market for 9 days.

Frequently asked questions

What is the median home price in 32909?

The median closed sale price in Palm Bay, FL 32909 was $325,000 over the last six months, based on 680 closed sales tracked by Resideline. The middle half of those sales ranged from $280,000 to $370,000.

Is 32909 a buyer's or seller's market?

Resideline is currently tracking 77 pending sales against 50 active listings in 32909, a pending-to-active ratio of 1.54. 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, 32909 currently looks like a seller's market.

Nearby ZIP code market data

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