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Merritt Island Market Report

$778,048

AVERAGE PRICE OF 489 HOMES

$421,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,386,978

AVERAGE PRICE OF 79 MULTI-MILLION DOLLAR HOMES

$1,045,398

AVERAGE PRICE OF 20 NEWLY BUILT HOMES

$795,286

AVERAGE PRICE OF 213 HOMES WITH A POOL

$563,683

AVERAGE PRICE OF 32 REDUCED PRICE HOMES

Average Home

Average Price $778,048
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.05 baths

Average Price by Bedrooms

1 bedroom $342,892
2 bedrooms $246,932
3 bedrooms $530,117
4 bedrooms $758,879
5 bedrooms $1,793,076
Merritt Island Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 461 461 454 444 56
Average Price $800,044 $776,676 $763,031 $762,074 $613,937
Avg Price Change +3.01% +1.79% +0.13% +24.13% -3.44%
Median Price $549,706 $531,816 $522,175 $540,799 $575,672
Med Price Change +3.36% +1.85% -3.57% -6.45% -4.76%
Avg Bedrooms 2.68 beds 2.57 beds 2.38 beds 2.83 beds 3.37 beds
Avg Bathrooms 2.03 baths 1.97 baths 1.95 baths 2.18 baths 2.43 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 389 $652,990 61 days
Palm Bay Magnet High 3 $450,296 37 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 489 $778,048 76 days
Distressed Homes 3 $421,633 54 days
Multi-Million Dollar Homes 79 $2,386,978 131 days
Newly Built Homes 20 $1,045,398 43 days
Homes with a Pool 213 $795,286 58 days
Reduced Price Homes 32 $563,683 61 days
Burke Group Real Estate
1450 N Courtenay Pkwy, Ste. 47
Merritt Island, FL 32953
321-610-4648

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mls logo© 2024 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.4/22/2024 8:46 PM CST
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