Melbourne Market Report
$477,031
AVERAGE PRICE OF 601 HOMES$310,300
AVERAGE PRICE OF 3 DISTRESSED HOMES$1,530,248
AVERAGE PRICE OF 44 MULTI-MILLION DOLLAR HOMES$840,379
AVERAGE PRICE OF 106 NEWLY BUILT HOMES$621,593
AVERAGE PRICE OF 260 HOMES WITH A POOL$238,112
AVERAGE PRICE OF 8 REDUCED PRICE HOMESAverage Home
| Average Price | $477,031 |
| Avg Bedrooms | 3.24 beds |
| Avg Bathrooms | 2.29 baths |
Average Price by Bedrooms
| 1 bedroom | $138,450 |
| 2 bedrooms | $242,318 |
| 3 bedrooms | $469,146 |
| 4 bedrooms | $562,698 |
| 5 bedrooms | $652,644 |
Melbourne Home Price Trends
| 11/2021 | 10/2021 | 9/2021 | 8/2021 | 7/2021 | |
|---|---|---|---|---|---|
| Total Listings | n/a | 668 | 704 | 764 | 752 |
| Average Price | n/a | $476,945 | $482,430 | $480,735 | $484,397 |
| Avg Price Change | n/a | -1.15% | +0.35% | -0.76% | +3.94% |
| Median Price | n/a | $377,178 | $379,161 | $379,670 | $383,537 |
| Med Price Change | n/a | -0.53% | -0.13% | -1.02% | +4.50% |
| Avg Bedrooms | n/a | 3.3 beds | 3.29 beds | 3.31 beds | 3.29 beds |
| Avg Bathrooms | n/a | 2.33 baths | 2.35 baths | 2.38 baths | 2.4 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Eau Gallie | 216 | $510,616 | 86 days |
| Melbourne | 171 | $432,145 | 74 days |
| Palm Bay | 23 | $300,699 | 62 days |
| Satellite | 19 | $396,789 | 38 days |
| Viera | 162 | $489,877 | 47 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 601 | $477,031 | 72 days |
| Distressed Homes | 3 | $310,300 | 61 days |
| Multi-Million Dollar Homes | 44 | $1,530,248 | 210 days |
| Newly Built Homes | 106 | $840,379 | 173 days |
| Homes with a Pool | 260 | $621,593 | 84 days |
| Reduced Price Homes | 8 | $238,112 | 39 days |
