Palm Bay, FL metro area Housing Market Brief
metro · as of July 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.
Where is Palm Bay, FL metro area in its market cycle?
Palm Bay, FL metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Palm Bay, FL metro area?
Our model forecasts Palm Bay, FL metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Palm Bay, FL metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $368K | ▲ +1.3% |
| Median Days on Market | 66 days | ▼ -8.3% |
| Months of Supply | 3.9 | ▼ -11.4% |
| Homes for Sale | 4,083 | ▼ -22.8% |
| Homes Sold | 1,042 | ▼ -13.3% |
| Median Price / Sq Ft | $213 | ▼ -0.2% |
How has Palm Bay, FL metro area’s Alpha Score moved?
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Frequently asked questions
Is Palm Bay, FL metro area a buyer's or seller's market?
As of July 2026, Palm Bay, FL metro area is classified as a Balanced Market, based on its Alpha Score of 48 out of 100. The classification reflects current price, inventory, 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 $368K, having risen 1.3% over the past year.
How affordable is Palm Bay, FL metro area?
Palm Bay, FL metro area scores 38 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 Rental Yield (85/100) and its weakest is Price Momentum (33/100). 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.