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Merritt Island Market Report

$682,032

AVERAGE PRICE OF 237 HOMES

$1,963,031

AVERAGE PRICE OF 29 MULTI-MILLION DOLLAR HOMES

$922,456

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$763,187

AVERAGE PRICE OF 137 HOMES WITH A POOL

$641,961

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $682,032
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $830,960
2 bedrooms $392,136
3 bedrooms $515,919
4 bedrooms $840,877
5 bedrooms $1,374,614
Merritt Island Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 239 233 242 251 235
Average Price $704,492 $712,466 $704,297 $727,766 $710,519
Avg Price Change -1.13% +1.16% -3.33% +2.43% -0.66%
Median Price $541,970 $536,953 $520,391 $523,582 $532,494
Med Price Change +0.93% +3.18% -0.61% -1.70% -4.42%
Avg Bedrooms 3.31 beds 3.23 beds 3.21 beds 3.29 beds 3.29 beds
Avg Bathrooms 2.29 baths 2.28 baths 2.29 baths 2.32 baths 2.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 223 $636,758 79 days
Satellite 6 $2,655,667 200 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 237 $682,032 83 days
Multi-Million Dollar Homes 29 $1,963,031 144 days
Newly Built Homes 22 $922,456 251 days
Homes with a Pool 137 $763,187 88 days
Reduced Price Homes 21 $641,961 45 days
RE/MAX SOLUTIONS
Lindsay Sanger
2235 N. Courtenay Parkway, Suite A
Merritt Island, FL 32953
321-848-8379

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