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Merritt Island Market Report

$789,748

AVERAGE PRICE OF 438 HOMES

$421,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,450,652

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$1,086,625

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$789,597

AVERAGE PRICE OF 197 HOMES WITH A POOL

$676,822

AVERAGE PRICE OF 34 REDUCED PRICE HOMES

Average Home

Average Price $789,748
Avg Bedrooms 2.7 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $328,757
2 bedrooms $291,756
3 bedrooms $528,895
4 bedrooms $791,569
5 bedrooms $1,716,820
Merritt Island Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 408 408 403 388 n/a
Average Price $811,308 $790,942 $781,076 $782,254 n/a
Avg Price Change +2.57% +1.26% -0.15% n/a n/a
Median Price $548,240 $531,304 $523,741 $531,175 n/a
Med Price Change +3.19% +1.44% -1.42% n/a n/a
Avg Bedrooms 2.68 beds 2.58 beds 2.55 beds 2.52 beds n/a
Avg Bathrooms 2.05 baths 2.01 baths 1.97 baths 1.7 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 392 $653,733 60 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 438 $789,748 62 days
Distressed Homes 3 $421,633 51 days
Multi-Million Dollar Homes 71 $2,450,652 70 days
Newly Built Homes 16 $1,086,625 67 days
Homes with a Pool 197 $789,597 57 days
Reduced Price Homes 34 $676,822 63 days