Single-family homes in Palm Bay, Florida, are selling faster than other property types in 2026, with a median days on market of 58 days as of April, according to Redfin Real Estate data. This is 6 days faster than the same period in 2025 and outpaces condos, townhouses, and other residential properties in the area. The data, seasonally adjusted and representing the monthly median, highlights a slow but improving market for buyers and sellers in the Space Coast city.
The overall residential market in Palm Bay remains sluggish, with all home types averaging 62 days on market in April 2026. However, single-family homes saw the most significant improvement, with 14.9% of homes going off the market within one week—down 1.2 percentage points from 2025. Condos, by contrast, lagged badly, with a median days on market of 94 days, up 26 days from the prior year. Condo listings also had the highest share of homes unsold after 60+ days at 60.0%, down slightly from 60.6% in 2025.
Townhouses in Palm Bay had a median days on market of 65 days in April, slightly slower than the overall residential average. Their share of homes off-market in one week was 13.0%, up 3.9 percentage points from 2025, reflecting continued challenges for this property type. Single-family homes, meanwhile, saw 15.6% of listings go off-market within one week, the highest rate among all categories.
The data comes as Palm Bay's housing market continues to grapple with high mortgage rates and economic uncertainty that have dampened activity since the pandemic. While single-family homes are moving faster, the overall market remains tight, with 52.9% of all homes in Palm Bay still unsold after 60+ days in April. Redfin's analysis shows no sign of a rapid turnaround, but the slight improvements in days on market suggest some stabilization in the region's real estate landscape.