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Melbourne Market Report

$583,813

AVERAGE PRICE OF 1,227 HOMES

$290,370

AVERAGE PRICE OF 10 DISTRESSED HOMES

$1,811,020

AVERAGE PRICE OF 116 MULTI-MILLION DOLLAR HOMES

$804,919

AVERAGE PRICE OF 177 NEWLY BUILT HOMES

$618,269

AVERAGE PRICE OF 499 HOMES WITH A POOL

$490,947

AVERAGE PRICE OF 83 REDUCED PRICE HOMES

Average Home

Average Price $583,813
Avg Bedrooms 2.89 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $182,113
2 bedrooms $281,174
3 bedrooms $503,330
4 bedrooms $676,992
5 bedrooms $962,004
Melbourne Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 1,121 1,050 989 880 n/a
Average Price $586,582 $613,243 $622,808 $639,245 n/a
Avg Price Change -4.55% -1.56% -2.64% n/a n/a
Median Price $449,252 $449,928 $455,475 $427,909 n/a
Med Price Change -0.15% -1.23% +6.44% n/a n/a
Avg Bedrooms 2.81 beds 2.81 beds 2.82 beds 2.71 beds n/a
Avg Bathrooms 2.3 baths 2.29 baths 2.27 baths 1.93 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Viera 447 $599,024 58 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,227 $583,813 58 days
Distressed Homes 10 $290,370 56 days
Multi-Million Dollar Homes 116 $1,811,020 76 days
Newly Built Homes 177 $804,919 73 days
Homes with a Pool 499 $618,269 53 days
Reduced Price Homes 83 $490,947 51 days