Merritt Island Market Report
$796,471
AVERAGE PRICE OF 385 HOMES$1,219,250
AVERAGE PRICE OF 2 DISTRESSED HOMES$2,439,172
AVERAGE PRICE OF 60 MULTI-MILLION DOLLAR HOMES$804,097
AVERAGE PRICE OF 34 NEWLY BUILT HOMES$975,341
AVERAGE PRICE OF 127 HOMES WITH A POOL$608,196
AVERAGE PRICE OF 25 REDUCED PRICE HOMESAverage Home
| Average Price | $796,471 |
| Avg Bedrooms | 2.78 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $372,836 |
| 2 bedrooms | $316,130 |
| 3 bedrooms | $575,945 |
| 4 bedrooms | $755,551 |
| 5 bedrooms | $1,884,321 |
Merritt Island Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 373 | 376 | 390 | 399 | 383 |
| Average Price | $768,289 | $719,938 | $717,208 | $736,592 | $743,705 |
| Avg Price Change | +6.72% | +0.38% | -2.70% | -0.97% | -3.00% |
| Median Price | $540,160 | $515,474 | $516,792 | $524,405 | $520,316 |
| Med Price Change | +4.79% | -0.26% | -1.47% | +0.79% | -2.18% |
| Avg Bedrooms | 2.75 beds | 2.74 beds | 2.72 beds | 2.73 beds | 2.69 beds |
| Avg Bathrooms | 2.12 baths | 2.1 baths | 2.07 baths | 2.09 baths | 2.07 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 352 | $679,342 | 108 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 385 | $796,471 | 117 days |
| Distressed Homes | 2 | $1,219,250 | 111 days |
| Multi-Million Dollar Homes | 60 | $2,439,172 | 124 days |
| Newly Built Homes | 34 | $804,097 | 153 days |
| Homes with a Pool | 127 | $975,341 | 100 days |
| Reduced Price Homes | 25 | $608,196 | 100 days |
