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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

$651,432

AVERAGE PRICE OF 364 HOMES

$435,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,863,360

AVERAGE PRICE OF 43 MULTI-MILLION DOLLAR HOMES

$1,091,200

AVERAGE PRICE OF 27 NEWLY BUILT HOMES

$752,552

AVERAGE PRICE OF 195 HOMES WITH A POOL

$446,430

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $651,432
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $356,992
2 bedrooms $314,142
3 bedrooms $769,442
4 bedrooms $791,165
5 bedrooms $1,220,302
Merritt Island Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 346 315 304 279 265
Average Price $673,340 $707,280 $675,379 $711,001 $705,989
Avg Price Change -5.04% +4.72% -5.27% +0.71% -0.05%
Median Price $544,356 $555,927 $545,861 $551,448 $537,272
Med Price Change -2.13% +1.84% -1.02% +2.64% +0.62%
Avg Bedrooms 3.34 beds 3.67 beds 3.73 beds 3.49 beds 3.12 beds
Avg Bathrooms 2.38 baths 2.39 baths 2.41 baths 2.22 baths 1.93 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Melbourne 1 $300,000 21 days
Merritt Island 288 $588,568 76 days
Satellite 11 $2,339,591 166 days
Viera High School 1 $649,000 564 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 364 $651,432 113 days
Distressed Homes 2 $435,950 138 days
Multi-Million Dollar Homes 43 $1,863,360 138 days
Newly Built Homes 27 $1,091,200 393 days
Homes with a Pool 195 $752,552 68 days
Reduced Price Homes 36 $446,430 53 days
Burke Group Real Estate
1450 N Courtenay Pkwy, Ste. 47
Merritt Island, FL 32953
321-610-4648

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.
mls logo© 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.12/5/2023 8:04 PM CST
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