The typical home value in
Palm Bay
is projected to be
$325,000
for the month of
August.
July’s
finalized data reported the typical value of a home in the
city
to be
$325,000—down
1.51%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$360,000
in
Brevard County
for the most recent reporting period.
That number is expected to float around
$355,050
in
August.
Palm Bay
had
284
new listings and
346
listings that went under contract in
July,
decreasing
the area’s total available inventory to
1,110—down
10.7%
from the previous month. Inventory is projected to have further
decreased
in
August.
Of those
1,110
active listings,
37.39%
reduced their price in the month of
July.
The median listing price for homes in
Palm Bay
grew
1.63%
from
June
to
July,
bringing the current median listing price to
$345,000.
Based on projected data for
August,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
rose
year-over-year. In
July 2025,
the median time for a listed property to go pending was
65
days, compared to
58
days in
July 2024.
In recent months the median number of days from listed to pending appears to be increasing.
That trend is predicted to have carried through to this
August.
