Merritt Island Market Report

$598,193

AVERAGE PRICE OF 271 HOMES

$254,950

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,182,036

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$636,723

AVERAGE PRICE OF 31 NEWLY BUILT HOMES

$765,425

AVERAGE PRICE OF 150 HOMES WITH A POOL

$420,145

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $598,193
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $78,450
2 bedrooms $292,071
3 bedrooms $424,467
4 bedrooms $666,124
5 bedrooms $1,579,181
Merritt Island Home Price Trends
  6/2021 5/2021 4/2021 3/2021 2/2021
Total Listings 254 255 252 248 265
Average Price $588,710 $588,556 $566,555 $559,297 $524,993
Avg Price Change +0.03% +3.88% +1.30% +6.53% +3.36%
Median Price $426,613 $438,882 $430,942 $407,892 $386,421
Med Price Change -2.88% +1.84% +5.65% +5.56% -2.26%
Avg Bedrooms 3.28 beds 3.37 beds 2.23 beds 2.32 beds 2.44 beds
Avg Bathrooms 2.41 baths 2.44 baths 1.89 baths 1.98 baths 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Heritage 1 $470,000 6 days
Merritt Island 247 $526,928 60 days
Satellite 8 $2,568,625 130 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 271 $598,193 126 days
Distressed Homes 4 $254,950 58 days
Multi-Million Dollar Homes 28 $2,182,036 111 days
Newly Built Homes 31 $636,723 156 days
Homes with a Pool 150 $765,425 76 days
Reduced Price Homes 11 $420,145 34 days
Burke Group Real Estate
Charles Burke
3270 Suntree Blvd #203
Melbourne, FL 32940

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 2014 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.
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