Merritt Island Market Report
$549,617
AVERAGE PRICE OF 255 HOMES$339,900
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,831,476
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$668,107
AVERAGE PRICE OF 32 NEWLY BUILT HOMES$648,578
AVERAGE PRICE OF 144 HOMES WITH A POOL$940,528
AVERAGE PRICE OF 7 REDUCED PRICE HOMESAverage Home
| Average Price | $549,617 |
| Avg Bedrooms | 3.49 beds |
| Avg Bathrooms | 2.45 baths |
Average Price by Bedrooms
| 1 bedroom | $219,000 |
| 2 bedrooms | $256,593 |
| 3 bedrooms | $386,246 |
| 4 bedrooms | $620,215 |
| 5 bedrooms | $846,932 |
Merritt Island Home Price Trends
| 2/2021 | 1/2021 | 12/2020 | 11/2020 | 10/2020 | |
|---|---|---|---|---|---|
| Total Listings | 263 | 273 | 306 | 321 | 270 |
| Average Price | $523,924 | $499,645 | $496,896 | $479,335 | $502,041 |
| Avg Price Change | +4.86% | +0.55% | +3.66% | -4.74% | -3.84% |
| Median Price | $384,944 | $389,531 | $384,912 | $384,900 | $390,975 |
| Med Price Change | -1.19% | +1.20% | +0.00% | -1.58% | -0.89% |
| Avg Bedrooms | 3.43 beds | 3.42 beds | 3.41 beds | 3.41 beds | 3.42 beds |
| Avg Bathrooms | 2.44 baths | 2.4 baths | 2.37 baths | 2.35 baths | 2.4 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 239 | $504,738 | 78 days |
| Satellite | 4 | $2,421,250 | 174 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 255 | $549,617 | 83 days |
| Distressed Homes | 1 | $339,900 | 205 days |
| Multi-Million Dollar Homes | 25 | $1,831,476 | 93 days |
| Newly Built Homes | 32 | $668,107 | 189 days |
| Homes with a Pool | 144 | $648,578 | 75 days |
| Reduced Price Homes | 7 | $940,528 | 50 days |
