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Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a unique town in Brevard County and is located on Florida's largest island. Bordered by the Indian River Lagoon, Banana River Lagoon, and the Atlantic Intracoastal Waterway, it's a prime location for people who want the coastal lifestyle while still being in the proximity of shopping malls, movie theaters, and prime time restaurants that main land living has to offer. It is also the home of the Merritt Island Wildlife Refuge, and in turn the world famous Kennedy Space Center. Its 140,000 acres of land are under permanent protection and provides visitors with all sorts of breathtaking views and fantastic adventures.

Merritt Island Market Report

$743,895

AVERAGE PRICE OF 288 HOMES

$2,283,881

AVERAGE PRICE OF 43 MULTI-MILLION DOLLAR HOMES

$858,767

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$867,820

AVERAGE PRICE OF 157 HOMES WITH A POOL

$560,760

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $743,895
Avg Bedrooms 3.55 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $404,421
2 bedrooms $358,787
3 bedrooms $499,203
4 bedrooms $865,436
5 bedrooms $1,623,750
Merritt Island Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 304 283 292 48 304
Average Price $763,026 $758,520 $753,307 $868,554 $729,926
Avg Price Change +0.59% +0.69% -15.30% +18.99% +2.98%
Median Price $526,924 $545,560 $561,388 $547,333 $546,400
Med Price Change -3.54% -2.90% +2.57% +0.17% +2.52%
Avg Bedrooms 3.09 beds 2.94 beds 2.98 beds 2.76 beds 2.98 beds
Avg Bathrooms 2.19 baths 2.21 baths 2.38 baths 2.17 baths 2.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 224 $646,080 94 days
Palm Bay Magnet High 2 $513,750 97 days
Satellite 9 $2,645,556 181 days
Viera High School 2 $823,500 189 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 288 $743,895 90 days
Multi-Million Dollar Homes 43 $2,283,881 134 days
Newly Built Homes 26 $858,767 249 days
Homes with a Pool 157 $867,820 101 days
Reduced Price Homes 13 $560,760 44 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.
© 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 10:23 AM CST
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