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Merritt Island Market Report

$700,579

AVERAGE PRICE OF 248 HOMES

$2,165,361

AVERAGE PRICE OF 33 MULTI-MILLION DOLLAR HOMES

$942,846

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$799,801

AVERAGE PRICE OF 150 HOMES WITH A POOL

$670,737

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $700,579
Avg Bedrooms 3.21 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $566,562
2 bedrooms $391,565
3 bedrooms $526,651
4 bedrooms $878,640
5 bedrooms $1,569,390
Merritt Island Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 251 235 244 n/a 254
Average Price $727,766 $710,519 $715,211 n/a $695,093
Avg Price Change +2.43% -0.66% n/a n/a +2.06%
Median Price $523,582 $532,494 $556,018 n/a $558,340
Med Price Change -1.70% -4.42% n/a n/a +1.99%
Avg Bedrooms 3.29 beds 3.29 beds 3.33 beds n/a 3.34 beds
Avg Bathrooms 2.32 baths 2.29 baths 2.34 baths n/a 2.35 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 231 $635,605 91 days
Satellite 9 $2,645,556 174 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 248 $700,579 92 days
Multi-Million Dollar Homes 33 $2,165,361 148 days
Newly Built Homes 19 $942,846 291 days
Homes with a Pool 150 $799,801 89 days
Reduced Price Homes 16 $670,737 62 days

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