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Melbourne Market Report

$389,525

AVERAGE PRICE OF 664 HOMES

$203,793

AVERAGE PRICE OF 15 DISTRESSED HOMES

$1,881,714

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$523,211

AVERAGE PRICE OF 219 NEWLY BUILT HOMES

$493,423

AVERAGE PRICE OF 228 HOMES WITH A POOL

$334,193

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $389,525
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.43 baths

Average Price by Bedrooms

1 bedroom $127,379
2 bedrooms $182,860
3 bedrooms $315,222
4 bedrooms $519,980
5 bedrooms $636,496
Melbourne Home Price Trends
  11/2019 10/2019 9/2019 8/2019 7/2019
Total Listings 689 701 679 645 691
Average Price $388,756 $387,915 $407,813 $384,398 $371,590
Avg Price Change +0.22% -5.13% +6.09% +3.45% -3.08%
Median Price $333,142 $342,953 $349,766 $334,354 $324,900
Med Price Change -2.94% -1.99% +4.61% +2.91% -0.21%
Avg Bedrooms 3.35 beds 3.35 beds 3.39 beds 3.39 beds 3.39 beds
Avg Bathrooms 2.44 baths 2.46 baths 2.47 baths 2.43 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 159 $342,329 88 days
Melbourne 81 $348,661 75 days
Palm Bay 23 $240,039 58 days
Satellite 4 $266,900 83 days
Viera 310 $416,010 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 664 $389,525 81 days
Distressed Homes 15 $203,793 43 days
Multi-Million Dollar Homes 14 $1,881,714 57 days
Newly Built Homes 219 $523,211 101 days
Homes with a Pool 228 $493,423 73 days
Reduced Price Homes 16 $334,193 64 days