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Melbourne Market Report

$608,799

AVERAGE PRICE OF 1,343 HOMES

$304,912

AVERAGE PRICE OF 16 DISTRESSED HOMES

$2,021,636

AVERAGE PRICE OF 135 MULTI-MILLION DOLLAR HOMES

$822,685

AVERAGE PRICE OF 194 NEWLY BUILT HOMES

$735,101

AVERAGE PRICE OF 345 HOMES WITH A POOL

$554,230

AVERAGE PRICE OF 82 REDUCED PRICE HOMES

Average Home

Average Price $608,799
Avg Bedrooms 2.92 beds
Avg Bathrooms 3.76 baths

Average Price by Bedrooms

1 bedroom $163,612
2 bedrooms $271,209
3 bedrooms $490,829
4 bedrooms $643,714
5 bedrooms $891,845
Melbourne Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 1,245 1,281 1,295 1,280 1,290
Average Price $596,817 $590,523 $590,854 $585,247 $580,774
Avg Price Change +1.07% -0.06% +0.96% +0.77% -0.39%
Median Price $441,176 $442,205 $440,344 $436,193 $437,473
Med Price Change -0.23% +0.42% +0.95% -0.29% -1.57%
Avg Bedrooms 2.85 beds 2.82 beds 2.84 beds 2.86 beds 2.86 beds
Avg Bathrooms 2.45 baths 2.42 baths 2.41 baths 2.36 baths 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Viera 508 $607,210 99 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,343 $608,799 108 days
Distressed Homes 16 $304,912 98 days
Multi-Million Dollar Homes 135 $2,021,636 195 days
Newly Built Homes 194 $822,685 187 days
Homes with a Pool 345 $735,101 109 days
Reduced Price Homes 82 $554,230 76 days