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Merritt Island Market Report

$764,754

AVERAGE PRICE OF 379 HOMES

$277,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,480,561

AVERAGE PRICE OF 56 MULTI-MILLION DOLLAR HOMES

$821,147

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$742,761

AVERAGE PRICE OF 174 HOMES WITH A POOL

$701,759

AVERAGE PRICE OF 20 REDUCED PRICE HOMES

Average Home

Average Price $764,754
Avg Bedrooms 2.67 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $348,158
2 bedrooms $306,367
3 bedrooms $549,164
4 bedrooms $766,293
5 bedrooms $1,325,850
Merritt Island Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 415 433 431 408 408
Average Price $768,079 $781,705 $799,004 $811,308 $790,942
Avg Price Change -1.77% -2.21% -1.54% +2.57% +1.26%
Median Price $545,667 $541,789 $538,242 $548,240 $531,304
Med Price Change +0.72% +0.66% -1.86% +3.19% +1.44%
Avg Bedrooms 2.65 beds 2.68 beds 2.7 beds 2.68 beds 2.58 beds
Avg Bathrooms 2.1 baths 2.1 baths 2.06 baths 2.05 baths 2.01 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 332 $621,206 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 379 $764,754 92 days
Distressed Homes 2 $277,450 96 days
Multi-Million Dollar Homes 56 $2,480,561 130 days
Newly Built Homes 26 $821,147 89 days
Homes with a Pool 174 $742,761 79 days
Reduced Price Homes 20 $701,759 60 days