We buy houses in Palm Bay, FL
We buy houses in Palm Bay, FL for cash, in any condition. You pay no agent commissions and make no repairs before you sell. We buy with our own money, so we can commit to a closing date. Market figures below cover August 2026 and were last refreshed on September 17, 2026.
The typical home in Palm Bay, FL is worth around $342,000, below the national typical value of $369,000. That value has fallen about 0.9% over the past year. It is a market-wide figure. A house that needs major work sits well below it, and a renovated one sits above.
The Palm Bay market right now
- Typical home value
- $342,000
- Days to go under contract
- 67 days
- Listings cutting their price
- 28.8%
- Compared to nationally
- 7% lower
- Homes for sale
- 4,306
- New listings a month
- 1,026
- Months of supply
- 4.3
- Sales closing below asking
- 71.1%
-0.9% over the past year
-11% vs. a year ago
-2.5% vs. a year ago
National typical value is $369,000
-16% vs. a year ago
-3% vs. a year ago
Broadly balanced
Nationally 50.0%
Palm Bay, FL housing figures for August 2026, except the share closing below asking, which Zillow publishes a month behind and covers July 2026. Last refreshed September 17, 2026. Source: Zillow Research. Months of supply is calculated here as for-sale inventory divided by the monthly sales count. These are market-wide figures, not a valuation of any individual property.
What the Palm Bay numbers mean for your sale
Houses here take about 67 days on average to go under contract. That is noticeably slower than the national figure of 53 days. Weigh that number carefully if you are paying a mortgage, taxes, insurance and utilities on a house you no longer want. Several months of those costs on a slow listing can quietly eat more than the gap between a cash sale and full price.
About 28.8% of listings in Palm Bay have cut their asking price, close to the national share of 26.4%. That is a normal amount of repricing. Neither buyers nor sellers have a clear edge right now.
If timing is your main question, see how long it takes to sell a house in Palm Bay. It goes stage by stage, including what a normal sale adds after the house goes under contract.
If the real question is whether you can afford to keep it, see what it costs to own a home in Palm Bay. That includes what owners with no mortgage left still pay.
Why sellers in Palm Bay weigh this more carefully
In a slower market the comparison changes. The question is not just what a listing might fetch in the end. It is that price minus commissions, minus the repairs a buyer's lender will require, and minus several months of mortgage, taxes, insurance and utilities. Then allow for the real chance that the first buyer's loan falls through and the clock restarts. Run those numbers honestly before assuming listing is the better deal. Sometimes it still is, and we will tell you when we think so.
How the sale runs, from first call to closing, is on how it works. The side-by-side with listing through an agent, including the row where listing wins, is on cash offer vs realtor.
Palm Bay's pre-platted lots and the area called the compound
Much of southwest Palm Bay was laid out by General Development Corporation before the land became part of the city. The City of Palm Bay says the area known as the compound covers Port Malabar Units 51, 52 and 53.
That is about 2,492 acres holding 4,978 parcels. Most are quarter acre single family lots, with 2,755 private owners spread around the world.
The city also says General Development Corporation built about 200 miles of roads there, plus ditches, outfalls, canals and headwalls. But there is no water, sewer or electrical infrastructure within the compound.
If you inherited or bought a lot there years ago, that is where any buyer's price will start. The city has been studying redevelopment of Unit 53 with federal technical help. Its Compound Update page lists the current documents.
Sources: City of Palm Bay: Compound Update.
Septic, wells and Palm Bay's mandatory connection rule
The Palm Bay Utilities Department counts over 32,000 septic systems and 12,000 drinking water wells in the city.
As of October 1, 2023, it counted about 1,066 developed parcels where city sewer was available but not connected. It also counted 2,344 where city water was available but not connected.
The City Council approved a mandatory connection ordinance on November 2, 2023. It is rolling out in phases, starting in summer 2024. Owners in a current phase get written notice. They then have one year from that notice to connect, and a $100 sewer deposit may apply.
If you got one of these letters, a buyer will want to know the date on it. The duty to connect stays with the property.
Sources: City of Palm Bay: Mandatory Connection.
Insurance rules a Palm Bay buyer will run into
Citizens Property Insurance Corporation is Florida's state backed insurer, and state law limits who can use it (section 627.351).
Say a private insurer offers to cover a main home. Then that home cannot use Citizens, unless the private premium is more than 20 percent higher than Citizens' premium for similar coverage.
Citizens also requires flood insurance on its personal home policies. The rule is phased in by home value. It reaches all such policies with wind coverage that take effect on or after January 1, 2027.
Wind mitigation features can lower that cost. Home insurance rate filings must include discounts or credits for features shown to reduce wind damage (section 627.0629).
Those features include:
- roof strength
- roof to wall connections
- opening protection.
If you have a wind mitigation report from past insurance, keep it with your sale papers.
Sources: Florida Legislature: Section 627.351, Florida Statutes; Florida Legislature: Section 627.0629, Florida Statutes.
Recording, stamps and taxes for a Brevard County sale
Palm Bay deeds are recorded and indexed by the Brevard County Clerk of the Court. Florida charges documentary stamp tax on the deed at 70 cents per $100 of the price.
The Florida Department of Revenue notes that all parties to the document are liable for the tax, no matter which party agrees to pay it. So your contract should say who pays.
On the Brevard County 2025 millage table, the City of Palm Bay line is 7.6993 mills. The county general fund is 2.8643 mills. School, district and other levies are added by millage code.
The buyer's bill will likely change too. After a sale, a homestead is reassessed at just value on January 1 (section 193.155).
Sources: Brevard County Clerk of the Court: Official Records; Florida Department of Revenue: Documentary Stamp Tax; Brevard County Property Appraiser: 2025 Millage; Florida Legislature: Section 193.155, Florida Statutes.
Local facts checked September 2026. Rates and rules change; a real estate attorney or the office named above can confirm them for your property.
Why people in Palm Bay call us
Markets near Palm Bay
We buy across this whole region, including the towns between these metros.
- Orlando, FL33 mi
- Deltona, FL73 mi
- Lakeland, FL82 mi
- Tampa, FL114 mi
- North Port, FL116 mi
- Cape Coral, FL129 mi
Counties in Florida with their own page: Walton County.
Selling a house in Palm Bay
- Does a lot in the Palm Bay compound have water, sewer or power?
- The City of Palm Bay says there is no existing water, sewer or electrical infrastructure within the compound, which is Port Malabar Units 51, 52 and 53. General Development Corporation put in roads, ditches, canals and similar drainage features there, but not utilities.
- I got a Palm Bay letter saying sewer is available. How long do I have to connect?
- The mandatory connection ordinance was approved November 2, 2023. Under it, the Palm Bay Utilities Department says owners have one year from the date of written notice to connect. A $100 deposit may apply when the sewer account is set up. The city's Utilities Customer Care office can confirm your deadline.
- What is the city millage rate in Palm Bay?
- The Brevard County 2025 millage table lists 7.6993 mills for the City of Palm Bay. Your total rate depends on the millage code printed on your tax notice. That code adds county, school and district levies.
Tell us what you need for your Palm Bay house
Two minutes to ask, no obligation, and no fee whatever you decide. If we are not the right answer, we will say so.
Sabrina usually picks up. (615) 576-8827