Market Intelligence · FL / Palm Bay

Palm Bay, FL 32909 Housing Market

The typical home in Palm Bay, 32909 is valued at $317,526, down 1.4% over the past year. The median list price stands at $357,450, with homes taking a median of 72 days to sell.

Updated September 2026Median value$318K

The median home value in Palm Bay, FL 32909 is $318K as of September 2026, down 1.4% 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 32909 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

-1.4% over 12 months

Sep 2025$322K

Low $317KHigh $322K

Sep 2026$318K

The numbers

What is the 32909 housing market like?

As of September 2026

Typical home value

$318K

1.4%YoY

Median list price

$357K

1.3%MoM

Days on market

2.9%MoM

Homes for sale

407

4.6%MoM

Price cuts

27.0%

30.5%MoM

New listings

21.7%MoM

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

The outlook

32909 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32909 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 32909 fell 1.4%, per the Zillow Home Value Index.

Will home prices drop in 32909?

Zillow's forecast says they may: it expects typical home values in 32909 to fall 0.5% by September 2027, after a 1.4% 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 32909 home prices compare?

32909$317,526
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 shows signs of cooling. There are 407 homes for sale as of September 2026, with 94 new listings entering the market. Nearly 27.0% of listings have already seen a price cut, suggesting sellers are adjusting expectations. At 72 days median time on market, properties are taking longer to find buyers than in a heated seller's market. If you're considering selling, expect a slower pace and more negotiation than you might have seen in prior years.

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Down payment20% · $63,505

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Common questions

What people ask us.

What is the typical home value in 32909?

The typical home value in Palm Bay, 32909 is $317,526, down 1.4% over the past year.

How long do homes typically stay on the market here?

The median days on market is 72 days as of September 2026.

What share of homes are getting price cuts?

As of September 2026, 27.0% of listings in this ZIP have experienced a price cut.

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