Melbourne Market Report
$582,824
AVERAGE PRICE OF 1,498 HOMES$264,080
AVERAGE PRICE OF 15 DISTRESSED HOMES$2,076,744
AVERAGE PRICE OF 127 MULTI-MILLION DOLLAR HOMES$767,034
AVERAGE PRICE OF 196 NEWLY BUILT HOMES$764,217
AVERAGE PRICE OF 327 HOMES WITH A POOL$529,233
AVERAGE PRICE OF 101 REDUCED PRICE HOMESAverage Home
| Average Price | $582,824 |
| Avg Bedrooms | 2.95 beds |
| Avg Bathrooms | 3.62 baths |
Average Price by Bedrooms
| 1 bedroom | $166,979 |
| 2 bedrooms | $273,904 |
| 3 bedrooms | $453,829 |
| 4 bedrooms | $651,151 |
| 5 bedrooms | $918,185 |
Melbourne Home Price Trends
| 5/2025 | 4/2025 | 3/2025 | 2/2025 | 1/2025 | |
|---|---|---|---|---|---|
| Total Listings | 1,470 | 1,427 | 1,394 | 1,338 | 1,245 |
| Average Price | $600,349 | $605,875 | $610,135 | $609,029 | $596,817 |
| Avg Price Change | -0.92% | -0.70% | +0.18% | +2.05% | +1.07% |
| Median Price | $440,404 | $436,877 | $441,947 | $442,996 | $441,176 |
| Med Price Change | +0.81% | -1.16% | -0.24% | +0.41% | -0.23% |
| Avg Bedrooms | 2.98 beds | 2.93 beds | 2.92 beds | 2.9 beds | 2.85 beds |
| Avg Bathrooms | 3.08 baths | 3.08 baths | 3.13 baths | 3.16 baths | 2.45 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Viera | 586 | $603,998 | 96 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,498 | $582,824 | 103 days |
| Distressed Homes | 15 | $264,080 | 85 days |
| Multi-Million Dollar Homes | 127 | $2,076,744 | 195 days |
| Newly Built Homes | 196 | $767,034 | 159 days |
| Homes with a Pool | 327 | $764,217 | 98 days |
| Reduced Price Homes | 101 | $529,233 | 77 days |
