Melbourne Market Report
$532,258
AVERAGE PRICE OF 668 HOMES$357,925
AVERAGE PRICE OF 4 DISTRESSED HOMES$1,429,858
AVERAGE PRICE OF 56 MULTI-MILLION DOLLAR HOMES$861,459
AVERAGE PRICE OF 110 NEWLY BUILT HOMES$648,925
AVERAGE PRICE OF 286 HOMES WITH A POOL$480,455
AVERAGE PRICE OF 38 REDUCED PRICE HOMESAverage Home
| Average Price | $532,258 |
| Avg Bedrooms | 3.21 beds |
| Avg Bathrooms | 2.3 baths |
Average Price by Bedrooms
| 1 bedroom | $170,857 |
| 2 bedrooms | $274,846 |
| 3 bedrooms | $509,690 |
| 4 bedrooms | $614,148 |
| 5 bedrooms | $918,256 |
Melbourne Home Price Trends
| 5/2023 | 4/2023 | 3/2023 | 2/2023 | 1/2023 | |
|---|---|---|---|---|---|
| Total Listings | 669 | 694 | 716 | 713 | 652 |
| Average Price | $531,739 | $526,795 | $525,086 | $510,509 | $516,905 |
| Avg Price Change | +0.94% | +0.33% | +2.86% | -1.25% | +1.85% |
| Median Price | $435,677 | $428,242 | $429,120 | $420,514 | $415,116 |
| Med Price Change | +1.74% | -0.21% | +2.05% | +1.30% | +2.20% |
| Avg Bedrooms | 3.25 beds | 3.3 beds | 3.26 beds | 3.23 beds | 3.22 beds |
| Avg Bathrooms | 2.32 baths | 2.34 baths | 2.32 baths | 2.3 baths | 2.3 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Eau Gallie | 209 | $493,891 | 92 days |
| Melbourne | 140 | $518,514 | 67 days |
| Palm Bay | 34 | $334,184 | 56 days |
| Satellite | 13 | $550,071 | 42 days |
| Viera | 261 | $598,873 | 59 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 668 | $532,258 | 71 days |
| Distressed Homes | 4 | $357,925 | 37 days |
| Multi-Million Dollar Homes | 56 | $1,429,858 | 154 days |
| Newly Built Homes | 110 | $861,459 | 165 days |
| Homes with a Pool | 286 | $648,925 | 71 days |
| Reduced Price Homes | 38 | $480,455 | 51 days |
