New Home Sales in Palm Bay (New Construction)
Sales Overview (First Half of 2025)
Recent coverage notes that in the first half of 2025, new construction sales in Palm Bay ranged between $244,900 and $825,000 (the $825K price being an outlier), with the average sales price at $357,114 and the median at $350,000. Home sizes varied significantly, from about 1,239 sq ft to 3,422 sq ft—average size was 1,880 sq ft, median 1,828 sq ft.
The most active zip codes for these new-sales were 32909, 32907, and 32908.
Current Listings (Active New Construction for Sale)
Redfin reports there are approximately 266 new construction homes for sale in Palm Bay, with a median listing price of around $340,000. Homes stay on the market for about 80 days, receiving on average 1 offer.
A similar figure from Redfin states there are 609–612 new homes for sale, with a median listing price of $340,000, and again the same market speed metrics (80 days on market, 1 offer).
Realtor.com indicates that there are roughly 844 new construction homes for sale in Palm Bay, with a median listing price of $279,000.
NewHomeSource Snapshot
According to NewHomeSource:
51 new home communities in Palm Bay
669 homes available for sale
Starting prices from about $239,990
Average price around $349,669
Price per square foot averages $169
Builders: Lennar, KB Home, K. Hovnanian Homes, D.R. Horton, Maronda, Landsea, LGI, Century Complete, and more.
Summary Table
| Metric | Value |
|---|---|
| Average sale price (H1 2025) | ~$357,114 |
| Median sale price (H1 2025) | ~$350,000 |
| Price range (H1 2025) | $244,900 – $825,000 (outlier high) |
| Average home size (sale) | ~1,880 sq ft |
| Current listings (Redfin) | ~266 homes, median listing price ~$340,000 (80 days on market) |
| Listings (Realtor.com) | ~844 homes, median listing price ~$279,000 |
| NewHomeSource listings | 669 homes, average price ~$349,669, starting ~$239,990 |
| Typical price per sq ft | ~$169 (NewHomeSource) |
| Top builders | Lennar, KB Home, K. Hovnanian, D.R. Horton, Maronda, Landsea, LGI… |
Insights & Context
The market is active but mixed—listing volumes vary across platforms, with Realtor.com showing a higher count (844) versus Redfin’s ~266.
Median listing prices also differ: ~$279K (Realtor.com) vs. ~$340K (Redfin), likely due to differences in listing pools and timing.
Actual sales (H1 2025) averaged around $357K, slightly above listing medians, which suggests strong movement in higher-quality or larger homes.
Builders offer varied price tiers, starting under $240K but extending into the $400–450K range depending on community and floorplan amenities.
All Florida New Homes Communities
