Market Intelligence · FL / Palm Bay

Palm Bay, FL 32907 Housing Market

The typical home in Palm Bay, FL 32907 is worth $301,874, down 1.0% over the past year. The median list price stands at $349,500, with homes spending a median of 67 days on the market as of September 2026.

Updated September 2026Median value$302K

The median home value in Palm Bay, FL 32907 is $302K as of September 2026, down 1.0% 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.

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Typical 32907 range

$278K to $326K

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

-1.0% over 12 months

Sep 2025$305K

Low $301KHigh $305K

Sep 2026$302K

The numbers

What is the 32907 housing market like?

As of September 2026

Typical home value

$302K

1.0%YoY

Median list price

$350K

0.1%MoM

Days on market

0.0%MoM

Homes for sale

286

1.0%MoM

Price cuts

27.4%

64.9%MoM

New listings

24.0%MoM

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

The outlook

32907 housing market forecast 2027

-0.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32907 to fall 0.7% by September 2027.

Over the 12 months through September 2026, typical home values in 32907 fell 1.0%, per the Zillow Home Value Index.

Will home prices drop in 32907?

Zillow's forecast says they may: it expects typical home values in 32907 to fall 0.7% by September 2027, after a 1.0% 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.

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The comparison

How do 32907 home prices compare?

32907$301,874
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

Palm Bay's market is moderately active. There are 286 homes for sale, with 76 new listings in September 2026. The median of 67 days on market reflects a measured pace, neither fast nor stalled. More notably, 27.4% of current listings carry a price cut, suggesting sellers are adjusting to conditions. For homeowners considering a sale now, timing matters, and pricing strategy will be critical to avoid extended carry time.

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Common questions

What people ask us.

What is a typical home worth in 32907?

The typical home value in Palm Bay, FL 32907 is $301,874 as of September 2026, down 1.0% over the past year.

How long do homes stay on the market in 32907?

Homes spend a median of 67 days on the market in this ZIP as of September 2026.

How many homes are currently for sale?

There are 286 homes for sale in 32907, with 76 new listings added in September 2026.

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Nearby ZIP markets.

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