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Merritt Island Market Report

$716,924

AVERAGE PRICE OF 250 HOMES

$2,088,197

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$752,999

AVERAGE PRICE OF 40 NEWLY BUILT HOMES

$812,393

AVERAGE PRICE OF 156 HOMES WITH A POOL

$540,306

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $716,924
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.34 baths

Average Price by Bedrooms

1 bedroom $616,028
2 bedrooms $450,560
3 bedrooms $487,618
4 bedrooms $886,179
5 bedrooms $1,301,290
Merritt Island Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 235 244 n/a 254 255
Average Price $710,519 $715,211 n/a $695,093 $681,044
Avg Price Change -0.66% n/a n/a +2.06% -1.60%
Median Price $532,494 $556,018 n/a $558,340 $547,468
Med Price Change -4.42% n/a n/a +1.99% +0.58%
Avg Bedrooms 3.29 beds 3.33 beds n/a 3.34 beds 3.33 beds
Avg Bathrooms 2.29 baths 2.34 baths n/a 2.35 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 238 $662,553 111 days
Satellite 8 $2,378,125 162 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 250 $716,924 112 days
Multi-Million Dollar Homes 35 $2,088,197 131 days
Newly Built Homes 40 $752,999 289 days
Homes with a Pool 156 $812,393 119 days
Reduced Price Homes 23 $540,306 70 days
RE/MAX SOLUTIONS
Lindsay Sanger
2235 N. Courtenay Parkway, Suite A
Merritt Island, FL 32953
321-848-8379

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