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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

$529,588

AVERAGE PRICE OF 781 HOMES

$637,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,442,313

AVERAGE PRICE OF 65 MULTI-MILLION DOLLAR HOMES

$842,700

AVERAGE PRICE OF 114 NEWLY BUILT HOMES

$620,286

AVERAGE PRICE OF 329 HOMES WITH A POOL

$552,848

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

Average Home

Average Price $529,588
Avg Bedrooms 3.13 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $178,671
2 bedrooms $255,832
3 bedrooms $463,981
4 bedrooms $586,027
5 bedrooms $775,100
Melbourne Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 766 705 725 54 760
Average Price $511,559 $512,606 $506,529 $540,250 $510,066
Avg Price Change -0.20% +1.20% -6.66% +5.92% -0.36%
Median Price $422,093 $413,600 $405,617 $403,146 $403,275
Med Price Change +2.05% +1.97% +0.61% -0.03% -3.54%
Avg Bedrooms 3.14 beds 3.08 beds 3.06 beds 2.88 beds 3.04 beds
Avg Bathrooms 2.34 baths 2.17 baths 2.19 baths 2.2 baths 2.23 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 225 $510,049 86 days
Melbourne 171 $518,073 85 days
Palm Bay 47 $378,603 71 days
Satellite 7 $531,371 48 days
Viera 263 $587,870 64 days
Viera High School 2 $407,000 93 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 781 $529,588 62 days
Distressed Homes 2 $637,000 52 days
Multi-Million Dollar Homes 65 $1,442,313 142 days
Newly Built Homes 114 $842,700 114 days
Homes with a Pool 329 $620,286 65 days
Reduced Price Homes 39 $552,848 59 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

The information displayed on this website comes in part from the Broker Reciprocity Program of Brevard County, Florida. Real estate listings held by brokerage firms other than Charles Burke - Burke Real Estate Group in Florida are marked with the Broker Reciprocity thumbnail. Copyright 2023 Space Coast Association of REALTORS®, Inc. All rights reserved.
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.
© 2023 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.3/30/2023 10:46 AM CST
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