Melbourne Market Report
$581,623
AVERAGE PRICE OF 1,292 HOMES$406,737
AVERAGE PRICE OF 8 DISTRESSED HOMES$1,886,165
AVERAGE PRICE OF 119 MULTI-MILLION DOLLAR HOMES$786,104
AVERAGE PRICE OF 198 NEWLY BUILT HOMES$613,027
AVERAGE PRICE OF 504 HOMES WITH A POOL$468,794
AVERAGE PRICE OF 78 REDUCED PRICE HOMESAverage Home
| Average Price | $581,623 |
| Avg Bedrooms | 2.86 beds |
| Avg Bathrooms | 2.34 baths |
Average Price by Bedrooms
| 1 bedroom | $165,944 |
| 2 bedrooms | $266,790 |
| 3 bedrooms | $489,597 |
| 4 bedrooms | $645,978 |
| 5 bedrooms | $892,440 |
Melbourne Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,375 | 1,394 | 1,347 | 1,301 | 1,289 |
| Average Price | $576,790 | $579,265 | $574,672 | $571,090 | $573,928 |
| Avg Price Change | -0.43% | +0.80% | +0.63% | -0.50% | -0.78% |
| Median Price | $437,337 | $442,069 | $437,855 | $443,107 | $443,393 |
| Med Price Change | -1.08% | +0.96% | -1.20% | -0.06% | +0.22% |
| Avg Bedrooms | 2.92 beds | 2.97 beds | 2.97 beds | 2.89 beds | 2.84 beds |
| Avg Bathrooms | 2.27 baths | 2.33 baths | 2.31 baths | 2.28 baths | 2.22 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Viera | 458 | $593,140 | 90 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,292 | $581,623 | 93 days |
| Distressed Homes | 8 | $406,737 | 75 days |
| Multi-Million Dollar Homes | 119 | $1,886,165 | 154 days |
| Newly Built Homes | 198 | $786,104 | 142 days |
| Homes with a Pool | 504 | $613,027 | 81 days |
| Reduced Price Homes | 78 | $468,794 | 67 days |
