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 HOMESAverage 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 |
