Merritt Island Market Report
$813,493
AVERAGE PRICE OF 408 HOMES$852,100
AVERAGE PRICE OF 4 DISTRESSED HOMES$2,384,911
AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES$1,055,827
AVERAGE PRICE OF 31 NEWLY BUILT HOMES$991,011
AVERAGE PRICE OF 134 HOMES WITH A POOL$596,949
AVERAGE PRICE OF 20 REDUCED PRICE HOMESAverage Home
| Average Price | $813,493 |
| Avg Bedrooms | 2.81 beds |
| Avg Bathrooms | 2.2 baths |
Average Price by Bedrooms
| 1 bedroom | $370,350 |
| 2 bedrooms | $402,847 |
| 3 bedrooms | $541,830 |
| 4 bedrooms | $829,015 |
| 5 bedrooms | $1,712,416 |
Merritt Island Home Price Trends
| 1/2025 | 12/2024 | 11/2024 | 10/2024 | 9/2024 | |
|---|---|---|---|---|---|
| Total Listings | 376 | 373 | 376 | 390 | 399 |
| Average Price | $792,359 | $768,289 | $719,938 | $717,208 | $736,592 |
| Avg Price Change | +3.13% | +6.72% | +0.38% | -2.70% | -0.97% |
| Median Price | $553,042 | $540,160 | $515,474 | $516,792 | $524,405 |
| Med Price Change | +2.38% | +4.79% | -0.26% | -1.47% | +0.79% |
| Avg Bedrooms | 2.78 beds | 2.75 beds | 2.74 beds | 2.72 beds | 2.73 beds |
| Avg Bathrooms | 2.16 baths | 2.12 baths | 2.1 baths | 2.07 baths | 2.09 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 370 | $703,344 | 98 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 408 | $813,493 | 107 days |
| Distressed Homes | 4 | $852,100 | 78 days |
| Multi-Million Dollar Homes | 71 | $2,384,911 | 120 days |
| Newly Built Homes | 31 | $1,055,827 | 142 days |
| Homes with a Pool | 134 | $991,011 | 86 days |
| Reduced Price Homes | 20 | $596,949 | 90 days |
