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Laura Beard
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Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$777,322

AVERAGE PRICE OF 495 HOMES

$379,975

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,311,383

AVERAGE PRICE OF 81 MULTI-MILLION DOLLAR HOMES

$993,076

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$956,866

AVERAGE PRICE OF 177 HOMES WITH A POOL

$612,385

AVERAGE PRICE OF 42 REDUCED PRICE HOMES

Average Home

Average Price $777,322
Avg Bedrooms 2.87 beds
Avg Bathrooms 3.28 baths

Average Price by Bedrooms

1 bedroom $387,790
2 bedrooms $352,568
3 bedrooms $553,985
4 bedrooms $810,306
5 bedrooms $1,671,844
Merritt Island Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 496 495 454 409 376
Average Price $789,882 $766,698 $773,366 $807,356 $792,359
Avg Price Change +3.02% -0.87% -4.40% +1.89% +3.13%
Median Price $532,812 $526,279 $516,544 $533,723 $553,042
Med Price Change +1.24% +1.88% -3.33% -3.62% +2.38%
Avg Bedrooms 2.87 beds 2.83 beds 2.78 beds 2.79 beds 2.78 beds
Avg Bathrooms 2.34 baths 2.15 baths 2.14 baths 2.19 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 452 $676,812 108 days
Total Homes Average Price Avg Days on Site
All Homes 495 $777,322 118 days
Distressed Homes 4 $379,975 99 days
Multi-Million Dollar Homes 81 $2,311,383 148 days
Newly Built Homes 35 $993,076 160 days
Homes with a Pool 177 $956,866 85 days
Reduced Price Homes 42 $612,385 78 days

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