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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

$791,045

AVERAGE PRICE OF 434 HOMES

$421,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,450,652

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$1,086,625

AVERAGE PRICE OF 16 NEWLY BUILT HOMES

$795,688

AVERAGE PRICE OF 194 HOMES WITH A POOL

$556,796

AVERAGE PRICE OF 30 REDUCED PRICE HOMES

Average Home

Average Price $791,045
Avg Bedrooms 2.69 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $342,892
2 bedrooms $291,690
3 bedrooms $528,170
4 bedrooms $796,966
5 bedrooms $1,716,820
Merritt Island Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 408 408 403 388 n/a
Average Price $811,308 $790,942 $781,076 $782,254 n/a
Avg Price Change +2.57% +1.26% -0.15% n/a n/a
Median Price $548,240 $531,304 $523,741 $531,175 n/a
Med Price Change +3.19% +1.44% -1.42% n/a n/a
Avg Bedrooms 2.68 beds 2.58 beds 2.55 beds 2.52 beds n/a
Avg Bathrooms 2.05 baths 2.01 baths 1.97 baths 1.7 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 388 $653,782 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 434 $791,045 63 days
Distressed Homes 3 $421,633 53 days
Multi-Million Dollar Homes 71 $2,450,652 72 days
Newly Built Homes 16 $1,086,625 69 days
Homes with a Pool 194 $795,688 57 days
Reduced Price Homes 30 $556,796 61 days