Palm Bay, FL metro area Housing Market Brief
metro · FL · score computed October 2026
What is Palm Bay, FL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Palm Bay, FL metro area in its market cycle?
Palm Bay, FL metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Palm Bay, FL metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Palm Bay, FL metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $363K | ▲ +2.8% | Redfin |
| Median Days on Market | 65 days | ▼ -15.6% | Redfin |
| Months of Supply | 4.3 | ▼ -10.4% | Redfin |
| Homes for Sale | 4,128 | ▼ -11.9% | Redfin |
| Homes Sold | 957 | ▼ -1% | Redfin |
| Median Price / Sq Ft | $214 | ▲ +3.5% | Redfin |
How has Palm Bay, FL metro area’s Alpha Score moved?
Markets like Palm Bay, FL metro area
- Tampa, FL metro area, FLmetro43
- Jacksonville, FL metro area, FLmetro42
- Dallas, TX metro area, TXmetro33
- Deltona, FL metro area, FLmetro41
- Dallas-Fort Worth-Arlington, TXmetro46
- Fort Lauderdale, FL metro area, FLmetro33
- Port St. Lucie, FL metro area, FLmetro41
- Fort Worth, TX metro area, TXmetro35
- Orlando, FL metro area, FLmetro43
- Crestview, FL metro area, FLmetro51
Frequently asked questions
Is Palm Bay, FL metro area a buyer's or seller's market?
In the scores computed October 2026, Palm Bay, FL metro area is classified as a Balanced Market, based on its Alpha Score of 41 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Palm Bay, FL metro area?
The median sale price in Palm Bay, FL metro area is $363K, having risen 2.8% over the past year, according to Redfin.
How affordable is Palm Bay, FL metro area?
Palm Bay, FL metro area scores 22 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Palm Bay, FL metro area's Alpha Score?
Palm Bay, FL metro area's strongest dimension is Inventory Health (75/100) and its weakest is Price Momentum (20/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Palm Bay, FL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.