Market Intelligence · FL / Palm Bay

Palm Bay, FL 32908 Housing Market

The typical home in Palm Bay's 32908 ZIP costs $317,837, down 1.1% over the past year. The median list price stands at $363,225, with homes spending a median of 74 days on the market as of September 2026.

Updated September 2026Median value$318K

The median home value in Palm Bay, FL 32908 is $318K as of September 2026, down 1.1% 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 32908 range

$292K to $343K

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

-1.1% over 12 months

Sep 2025$321K

Low $318KHigh $321K

Sep 2026$318K

The numbers

What is the 32908 housing market like?

As of September 2026

Typical home value

$318K

1.1%YoY

Median list price

$363K

1.1%MoM

Days on market

0.0%MoM

Homes for sale

195

1.5%MoM

Price cuts

21.5%

17.8%MoM

New listings

35.7%MoM

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

The outlook

32908 housing market forecast 2027

-0.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32908 to fall 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in 32908 fell 1.1%, per the Zillow Home Value Index.

Will home prices drop in 32908?

Zillow's forecast says they may: it expects typical home values in 32908 to fall 0.6% by September 2027, after a 1.1% 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 32908 home prices compare?

32908$317,837
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 32908 has 195 homes for sale, with 36 new listings added in September 2026. About 21.5% of listings have seen a price cut, suggesting sellers are adjusting to market conditions. The gap between typical home value and median list price reflects the range of properties available across the area. With homes on the market for a median of 74 days, this is not a rapid-turnover market. Sellers should expect to hold inventory longer and be prepared for negotiation.

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Down payment20% · $63,567

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Common questions

What people ask us.

What is the typical home value in 32908?

The typical home value in Palm Bay's 32908 ZIP is $317,837, down 1.1% over the past year as of September 2026.

How long do homes stay on the market in 32908?

Homes in this area spend a median of 74 days on the market as of September 2026.

What share of homes have price cuts in 32908?

About 21.5% of listings in 32908 have seen a price cut as of September 2026.

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