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Melbourne

Why you'd want to live in Melbourne

Melbourne is Brevard's central city and what some consider to be the capital of the county. It contains the second largest concentration of engineers and engineering firms in the United States, second only to Silicon Valley. Its historic downtown area provides an ever increasing amount of entertainment, dining, and unique shopping options. With quick access to the beaches, via three causeways, its own airport and being the logistic center of the Space Coast, Melbourne is the perfect area for anyone looking for growth opportunity while desiring the Florida vacation lifestyle we all know and love.

Melbourne Market Report

$519,792

AVERAGE PRICE OF 793 HOMES

$273,300

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,374,911

AVERAGE PRICE OF 58 MULTI-MILLION DOLLAR HOMES

$839,557

AVERAGE PRICE OF 136 NEWLY BUILT HOMES

$612,718

AVERAGE PRICE OF 313 HOMES WITH A POOL

$494,739

AVERAGE PRICE OF 69 REDUCED PRICE HOMES

Average Home

Average Price $519,792
Avg Bedrooms 3.37 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $193,209
2 bedrooms $342,525
3 bedrooms $469,838
4 bedrooms $579,198
5 bedrooms $590,978
Melbourne Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 721 688 701 727 749
Average Price $527,655 $517,547 $520,320 $526,389 $522,997
Avg Price Change +1.95% -0.54% -1.17% +0.65% +0.03%
Median Price $440,828 $429,894 $427,088 $430,257 $423,695
Med Price Change +2.54% +0.66% -0.74% +1.55% -0.88%
Avg Bedrooms 3.14 beds 2.76 beds 2.9 beds 3.05 beds 3.16 beds
Avg Bathrooms 2.25 baths 2.06 baths 2.15 baths 2.19 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 191 $470,072 100 days
Melbourne 163 $532,140 59 days
Palm Bay 40 $360,761 69 days
Palm Bay Magnet High 1 $279,900 37 days
Satellite 11 $560,472 44 days
Viera 311 $577,231 60 days
Viera High School 6 $470,950 53 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 793 $519,792 69 days
Distressed Homes 3 $273,300 59 days
Multi-Million Dollar Homes 58 $1,374,911 379 days
Newly Built Homes 136 $839,557 124 days
Homes with a Pool 313 $612,718 59 days
Reduced Price Homes 69 $494,739 66 days
Offices in Suntree/Melbourne & Merritt Island
3270 Suntree Blvd #203
Melbourne, FL 32940
321-610-4648


1450 N Courtenay Pkwy, Ste. 47
Merritt Island, FL 32953

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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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