32780
Palm Bay, Florida
Palm Bay 32780 needs watching.
The 32780 ZIP code in Palm Bay, Florida has a median sale price of $268K, down -6.1% year-over-year. Homes spend an average of 67 days on market, with 8% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 32780.
The Palm Bay 32780 market shows clear cooling with the median sale price reaching $267,500, down 6.1% year-over-year as of February 2026. Homes are averaging 67 days on market, suggesting moderate inventory absorption rather than the rapid turnover seen in tighter conditions. Only 8% of properties sell above list price, indicating sellers hold minimal pricing power and buyers face reduced competition compared to the previous year's dynamics.
This environment favors cost-conscious buyers and patient investors willing to negotiate. The 67-day marketing period provides adequate time for thorough due diligence without pressure to waive contingencies. Sellers face headwinds with the 6.1% price decline and limited above-ask activity, meaning those without immediate relocation needs should consider waiting for stabilization. Cash buyers can leverage the soft conditions to extract concessions on price or closing terms.
The PropIQ score of 55 signals caution, reflecting vulnerability to further price erosion if days-on-market extend beyond current levels. Watch for inventory accumulation patterns and mortgage rate movements, which will determine whether the 6.1% decline represents temporary adjustment or sustained correction. The sub-10% above-ask rate suggests any recovery requires material improvement in buyer demand fundamentals rather than seasonal fluctuation.
What is the median home price in 32780 Palm Bay?
The median sale price in 32780 is $268K, down -6.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Palm Bay 32780?
Homes in 32780 Palm Bay spend an average of 67 days on market before going under contract.
Is Palm Bay 32780 a good place to invest in real estate?
Folio's PropIQ™ score for 32780 is 55/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 32780?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 32780 Palm Bay, Florida.