Market Intelligence · FL / Palm Bay

Palm Bay, FL 32905 Housing Market

Homes in Palm Bay, FL 32905 have a typical value of $232,440, which has declined 4.0% over the past year. The median list price sits at $263,500, with homes staying on the market for a median of 66 days.

Updated September 2026Median value$232K

The median home value in Palm Bay, FL 32905 is $232K as of September 2026, down 4.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

Sell without the wait

Sell your Palm Bay home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 32905 range

$214K to $251K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 32905 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Palm Bay, FL.

12-month value trend

-4.0% over 12 months

Sep 2025$242K

Low $232KHigh $242K

Sep 2026$232K

The numbers

What is the 32905 housing market like?

As of September 2026

Typical home value

$232K

4.0%YoY

Median list price

$264K

0.6%MoM

Days on market

15.4%MoM

Homes for sale

148

13.8%MoM

Price cuts

30.8%

66.3%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

32905 housing market forecast 2027

-1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32905 to fall 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 32905 fell 4.0%, per the Zillow Home Value Index.

Will home prices drop in 32905?

Zillow's forecast says they may: it expects typical home values in 32905 to fall 1.0% by September 2027, after a 4.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Free home value report

See what your 32905 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 32905 home prices compare?

32905$232,440
Palm Bay$309,700
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Palm Bay: 4 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

The 32905 ZIP has 148 homes for sale as of September 2026, with 36 new listings added recently. Nearly one-third of listings have price cuts, reflecting softer buyer demand. The gap between typical home value and median list price suggests homes are priced above recent market fundamentals. For sellers, this means you should expect properties to take time to move and be prepared for negotiation.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $46,488

Term

Rate (%)

Common questions

What people ask us.

What is the typical home value in 32905?

The typical home value in Palm Bay, FL 32905 is $232,440, down 4.0% over the past year.

How long do homes typically stay for sale here?

As of September 2026, homes stay on the market for a median of 66 days.

What share of homes have had price reductions?

About 30.8% of listings in 32905 have seen a price cut, indicating active negotiation in the market.

Discover

Nearby ZIP markets.

Keep reading