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Merritt Island Market Report

$593,197

AVERAGE PRICE OF 260 HOMES

$254,950

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,232,577

AVERAGE PRICE OF 26 MULTI-MILLION DOLLAR HOMES

$605,021

AVERAGE PRICE OF 25 NEWLY BUILT HOMES

$752,071

AVERAGE PRICE OF 147 HOMES WITH A POOL

$524,529

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $593,197
Avg Bedrooms 3.28 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $91,600
2 bedrooms $289,961
3 bedrooms $423,656
4 bedrooms $661,631
5 bedrooms $1,578,987
Merritt Island Home Price Trends
  7/2021 6/2021 5/2021 4/2021 3/2021
Total Listings 262 253 253 250 246
Average Price $593,392 $588,318 $585,106 $563,099 $557,176
Avg Price Change +0.86% +0.55% +3.91% +1.06% +6.35%
Median Price $426,242 $425,581 $434,249 $426,823 $405,887
Med Price Change +0.16% -2.04% +1.74% +5.16% +5.44%
Avg Bedrooms 3.29 beds 3.28 beds 3.37 beds 3.45 beds 3.5 beds
Avg Bathrooms 2.4 baths 2.41 baths 2.44 baths 2.45 baths 2.46 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Heritage 1 $470,000 15 days
Merritt Island 237 $516,781 59 days
Satellite 8 $2,568,625 139 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 260 $593,197 70 days
Distressed Homes 4 $254,950 67 days
Multi-Million Dollar Homes 26 $2,232,577 118 days
Newly Built Homes 25 $605,021 155 days
Homes with a Pool 147 $752,071 75 days
Reduced Price Homes 17 $524,529 56 days