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 HOMESAverage 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 |