Merritt Island Market Report
$705,522
AVERAGE PRICE OF 258 HOMES$314,450
AVERAGE PRICE OF 2 DISTRESSED HOMES$2,148,365
AVERAGE PRICE OF 34 MULTI-MILLION DOLLAR HOMES$1,094,324
AVERAGE PRICE OF 26 NEWLY BUILT HOMES$835,142
AVERAGE PRICE OF 140 HOMES WITH A POOL$579,933
AVERAGE PRICE OF 32 REDUCED PRICE HOMESAverage Home
| Average Price | $705,522 |
| Avg Bedrooms | 3.31 beds |
| Avg Bathrooms | 2.25 baths |
Average Price by Bedrooms
| 1 bedroom | $1,519,800 |
| 2 bedrooms | $400,002 |
| 3 bedrooms | $582,121 |
| 4 bedrooms | $758,364 |
| 5 bedrooms | $1,879,483 |
Merritt Island Home Price Trends
| 9/2023 | 8/2023 | 7/2023 | 6/2023 | 5/2023 | |
|---|---|---|---|---|---|
| Total Listings | 253 | 231 | 226 | 230 | 239 |
| Average Price | $675,136 | $654,982 | $656,469 | $673,655 | $704,492 |
| Avg Price Change | +3.08% | -0.23% | -2.62% | -4.58% | -1.13% |
| Median Price | $534,927 | $528,680 | $519,210 | $541,138 | $541,970 |
| Med Price Change | +1.18% | +1.82% | -4.22% | -0.15% | +0.93% |
| Avg Bedrooms | 3.29 beds | 3.26 beds | 3.21 beds | 3.29 beds | 3.31 beds |
| Avg Bathrooms | 2.22 baths | 2.17 baths | 2.2 baths | 2.24 baths | 2.29 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 245 | $618,201 | 82 days |
| Satellite | 11 | $2,679,682 | 135 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 258 | $705,522 | 84 days |
| Distressed Homes | 2 | $314,450 | 101 days |
| Multi-Million Dollar Homes | 34 | $2,148,365 | 104 days |
| Newly Built Homes | 26 | $1,094,324 | 187 days |
| Homes with a Pool | 140 | $835,142 | 89 days |
| Reduced Price Homes | 32 | $579,933 | 48 days |
