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Melbourne Market Report

$381,284

AVERAGE PRICE OF 723 HOMES

$277,959

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,360,963

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$483,370

AVERAGE PRICE OF 176 NEWLY BUILT HOMES

$438,915

AVERAGE PRICE OF 297 HOMES WITH A POOL

$379,216

AVERAGE PRICE OF 40 REDUCED PRICE HOMES

Average Home

Average Price $381,284
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.41 baths

Average Price by Bedrooms

1 bedroom $105,866
2 bedrooms $187,134
3 bedrooms $321,317
4 bedrooms $491,794
5 bedrooms $562,123
Melbourne Home Price Trends
  4/2019 3/2019 2/2019 1/2019 12/2018
Total Listings 767 835 849 825 851
Average Price $373,984 $359,266 $349,263 $343,186 $340,280
Avg Price Change +4.10% +2.86% +1.77% +0.85% -1.33%
Median Price $322,630 $312,466 $302,423 $297,001 $292,837
Med Price Change +3.25% +3.32% +1.83% +1.42% -2.77%
Avg Bedrooms 3.32 beds 3.32 beds 3.31 beds 3.32 beds 3.31 beds
Avg Bathrooms 2.38 baths 2.36 baths 2.34 baths 2.32 baths 2.3 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 213 $349,503 79 days
Melbourne 94 $370,687 78 days
Palm Bay 37 $238,360 66 days
Satellite 11 $327,540 36 days
Viera 357 $415,802 112 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 723 $381,284 94 days
Distressed Homes 11 $277,959 99 days
Multi-Million Dollar Homes 13 $1,360,963 170 days
Newly Built Homes 176 $483,370 163 days
Homes with a Pool 297 $438,915 75 days
Reduced Price Homes 40 $379,216 68 days