Market Intelligence · FL / Palm Bay

Palm Bay, FL 32909 Housing Market

The typical home in Palm Bay's 32909 ZIP code is worth $317,453, down 1.8% over the past year as of 2026-08-01. Homes carry a median list price of $362,000 and sit on the market for a median of 70 days. This is a market where sellers are waiting longer than they were before.

Updated August 2026Median value$317K

The median home value in Palm Bay, FL 32909 is $317K as of August 2026, down 1.8% 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 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

-1.8% over 12 months

Typical home value in 32909 over the last 12 months: $323K in Aug 2025 to $317K in Aug 2026 (-1.8%).

Aug 2025$323K

Aug 2026$317K

The numbers

What is the 32909 housing market like?

Typical home value

$317K

Down1.8%YoY

Median list price

$362K

Up0.6%MoM

Days on market

70

Down4.1%MoM

Homes for sale

389

Up3.5%MoM

Price cuts

20.7%

Down12.6%MoM

New listings

120

Up42.9%MoM

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

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The comparison

How do 32909 home prices compare?

  • 32909$317,453
  • 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 389 homes for sale in 32909, with 120 new listings hitting the market as of 2026-08-01. The median list price stands at $362,000, while the typical home value is $317,453, down 1.8% over the past year. Sellers are waiting a median of 70 days to find a buyer. Meanwhile, 20.7% of listings have taken a price cut, a sign that asking prices are running ahead of what buyers will pay. If you are thinking of selling, price realistically from the start rather than planning to cut later.

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20% · $63,491

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