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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

$764,149

AVERAGE PRICE OF 297 HOMES

$2,176,082

AVERAGE PRICE OF 47 MULTI-MILLION DOLLAR HOMES

$724,453

AVERAGE PRICE OF 50 NEWLY BUILT HOMES

$908,964

AVERAGE PRICE OF 162 HOMES WITH A POOL

$790,733

AVERAGE PRICE OF 12 REDUCED PRICE HOMES

$215,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

Average Home

Average Price $764,149
Avg Bedrooms 3.33 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $620,100
2 bedrooms $402,106
3 bedrooms $454,022
4 bedrooms $822,304
5 bedrooms $970,073
Merritt Island Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 49 305 305 304 297
Average Price $859,014 $728,892 $707,943 $713,867 $707,776
Avg Price Change +17.85% +2.96% -0.84% +0.86% n/a
Median Price $544,348 $545,968 $532,709 $533,926 $522,503
Med Price Change -0.30% +2.49% -0.23% +2.19% n/a
Avg Bedrooms 3.38 beds 3.32 beds 3.16 beds 3.02 beds 3.06 beds
Avg Bathrooms 2.09 baths 2.16 baths 2.07 baths 2.06 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 236 $649,497 113 days
Palm Bay Magnet High 1 $711,000 27 days
Satellite 8 $3,009,375 149 days
Viera High School 1 $649,000 203 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 297 $764,149 112 days
Multi-Million Dollar Homes 47 $2,176,082 118 days
Newly Built Homes 50 $724,453 228 days
Homes with a Pool 162 $908,964 91 days
Reduced Price Homes 12 $790,733 49 days
Distressed Homes 1 $215,000 93 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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