Melbourne Market Report
$504,929
AVERAGE PRICE OF 679 HOMES$434,450
AVERAGE PRICE OF 2 DISTRESSED HOMES$1,432,061
AVERAGE PRICE OF 50 MULTI-MILLION DOLLAR HOMES$868,439
AVERAGE PRICE OF 93 NEWLY BUILT HOMES$586,199
AVERAGE PRICE OF 295 HOMES WITH A POOL$480,606
AVERAGE PRICE OF 59 REDUCED PRICE HOMESAverage Home
| Average Price | $504,929 |
| Avg Bedrooms | 3.21 beds |
| Avg Bathrooms | 2.26 baths |
Average Price by Bedrooms
| 1 bedroom | $179,905 |
| 2 bedrooms | $281,164 |
| 3 bedrooms | $494,211 |
| 4 bedrooms | $582,637 |
| 5 bedrooms | $836,719 |
Melbourne Home Price Trends
| 11/2022 | 10/2022 | 9/2022 | 8/2022 | 7/2022 | |
|---|---|---|---|---|---|
| Total Listings | n/a | 708 | 712 | 714 | 732 |
| Average Price | n/a | $505,545 | $508,554 | $511,994 | $517,081 |
| Avg Price Change | n/a | -0.60% | -0.68% | -0.99% | n/a |
| Median Price | n/a | $402,186 | $417,710 | $421,171 | $422,760 |
| Med Price Change | n/a | -3.86% | -0.83% | -0.38% | n/a |
| Avg Bedrooms | n/a | 3.23 beds | 3.26 beds | 3.25 beds | 3.28 beds |
| Avg Bathrooms | n/a | 2.25 baths | 2.26 baths | 2.26 baths | 2.28 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Eau Gallie | 214 | $486,525 | 81 days |
| Melbourne | 174 | $525,170 | 88 days |
| Palm Bay | 47 | $365,989 | 72 days |
| Satellite | 10 | $451,250 | 43 days |
| Viera | 225 | $539,118 | 56 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 679 | $504,929 | 73 days |
| Distressed Homes | 2 | $434,450 | 205 days |
| Multi-Million Dollar Homes | 50 | $1,432,061 | 170 days |
| Newly Built Homes | 93 | $868,439 | 135 days |
| Homes with a Pool | 295 | $586,199 | 71 days |
| Reduced Price Homes | 59 | $480,606 | 66 days |
