Merritt Island Market Report
$743,628
AVERAGE PRICE OF 400 HOMES$906,600
AVERAGE PRICE OF 3 DISTRESSED HOMES$2,407,607
AVERAGE PRICE OF 55 MULTI-MILLION DOLLAR HOMES$768,394
AVERAGE PRICE OF 29 NEWLY BUILT HOMES$776,098
AVERAGE PRICE OF 178 HOMES WITH A POOL$659,085
AVERAGE PRICE OF 28 REDUCED PRICE HOMESAverage Home
| Average Price | $743,628 |
| Avg Bedrooms | 2.74 beds |
| Avg Bathrooms | 2.1 baths |
Average Price by Bedrooms
| 1 bedroom | $462,099 |
| 2 bedrooms | $302,341 |
| 3 bedrooms | $528,577 |
| 4 bedrooms | $767,346 |
| 5 bedrooms | $1,234,360 |
Merritt Island Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 450 | 445 | 471 | 488 | 484 |
| Average Price | $723,553 | $743,397 | $753,531 | $770,798 | $787,843 |
| Avg Price Change | -2.74% | -1.36% | -2.29% | -2.21% | -1.55% |
| Median Price | $516,624 | $530,826 | $546,385 | $544,639 | $541,179 |
| Med Price Change | -2.75% | -2.93% | +0.32% | +0.64% | -1.58% |
| Avg Bedrooms | 2.78 beds | 2.74 beds | 2.78 beds | 2.8 beds | 2.8 beds |
| Avg Bathrooms | 2.04 baths | 2.04 baths | 2.09 baths | 2.1 baths | 2.06 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 358 | $612,430 | 88 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 400 | $743,628 | 96 days |
| Distressed Homes | 3 | $906,600 | 12 days |
| Multi-Million Dollar Homes | 55 | $2,407,607 | 139 days |
| Newly Built Homes | 29 | $768,394 | 111 days |
| Homes with a Pool | 178 | $776,098 | 82 days |
| Reduced Price Homes | 28 | $659,085 | 71 days |
