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Melbourne Market Report

$528,580

AVERAGE PRICE OF 702 HOMES

$637,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,440,892

AVERAGE PRICE OF 57 MULTI-MILLION DOLLAR HOMES

$856,694

AVERAGE PRICE OF 104 NEWLY BUILT HOMES

$615,930

AVERAGE PRICE OF 306 HOMES WITH A POOL

$489,867

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $528,580
Avg Bedrooms 3.28 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $175,474
2 bedrooms $273,946
3 bedrooms $488,517
4 bedrooms $649,551
5 bedrooms $731,819
Melbourne Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 713 652 665 n/a 708
Average Price $510,509 $516,905 $507,510 n/a $505,545
Avg Price Change -1.25% +1.85% n/a n/a -0.60%
Median Price $420,514 $415,116 $406,193 n/a $402,186
Med Price Change +1.30% +2.20% n/a n/a -3.86%
Avg Bedrooms 3.23 beds 3.22 beds 3.21 beds n/a 3.23 beds
Avg Bathrooms 2.3 baths 2.3 baths 2.26 baths n/a 2.25 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 215 $508,868 88 days
Melbourne 174 $510,170 84 days
Palm Bay 46 $377,601 70 days
Satellite 8 $513,075 55 days
Viera 243 $588,612 67 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 702 $528,580 78 days
Distressed Homes 2 $637,000 45 days
Multi-Million Dollar Homes 57 $1,440,892 186 days
Newly Built Homes 104 $856,694 175 days
Homes with a Pool 306 $615,930 75 days
Reduced Price Homes 37 $489,867 59 days