Altos Market Data for Realtors
Palm Bay, FL 32905
Single-Family Homes
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Palm Bay, FL 32905
Thu Apr 17 2025
This week the median list price for Palm Bay, FL 32905 is $292,000 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 86.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $292,000 | |
| Median Price of New Listings | $297,500 | |
| Per Square Foot | $204 | |
| Average Days on Market | 120 | |
| Median Days on Market | 70 | |
| Price Decreased | 64% | |
| Price Increased | 5% | |
| Relisted | 8% | |
| Inventory | 86 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $425,000 | 2,059 | 0.25 - 0.5 acre | 3 | 2 | 22 | 3 | 0 | 161 |
| $320,000 | 1,628 | 6,500 - 8,000 sqft | 3 | 2 | 26 | 2 | 3 | 63 |
| $285,000 | 1,294 | 6,500 - 8,000 sqft | 3 | 2 | 50 | 3 | 0 | 73 |
| $239,000 | 1,158 | 8,000 - 10,000 sqft | 3 | 2 | 52 | 2 | 6 | 49 |