Market Intelligence · FL / Palm Bay

Palm Bay, FL 32905 Housing Market

The typical home value in Palm Bay, FL 32905 is $235,039, down 4.4% over the past year. Sellers are listing at a median of $265,000, and homes are taking a median of 78 days to go under contract.

Updated August 2026Median value$235K

The median home value in Palm Bay, FL 32905 is $235K as of August 2026, down 4.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 32905 range

$216K to $254K

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.

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12-month value trend

-4.4% over 12 months

Typical home value in 32905 over the last 12 months: $246K in Aug 2025 to $235K in Aug 2026 (-4.4%).

Aug 2025$246K

Aug 2026$235K

The numbers

What is the 32905 housing market like?

Typical home value

$235K

Down4.4%YoY

Median list price

$265K

Up3.9%MoM

Days on market

78

Up5.4%MoM

Homes for sale

130

Down3.0%MoM

Price cuts

18.5%

Down12.1%MoM

New listings

40

Up5.3%MoM

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

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The comparison

How do 32905 home prices compare?

  • 32905$235,039
  • Palm Bay$310,120
  • Florida$345,153
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Palm Bay: 4 ZIPs; Florida: 923 ZIPs; United States: 26,265 ZIPs).

Context

There are 130 homes for sale in 32905, with 40 new listings hitting the market recently. The median list price of $265,000 sits above the typical home value of $235,039, which helps explain the median of 78 days on market. About 18.5% of listings have taken a price cut. With values down 4.4% over the past year, buyers have room to negotiate and sellers who price close to what the data supports tend to move sooner. If you plan to sell, expect a patient market where an aggressive asking price usually means a longer wait.

Monthly payment

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20% · $47,008

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