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Merritt Island Market Report

$673,963

AVERAGE PRICE OF 236 HOMES

$1,871,797

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$837,526

AVERAGE PRICE OF 20 NEWLY BUILT HOMES

$758,261

AVERAGE PRICE OF 136 HOMES WITH A POOL

$523,791

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $673,963
Avg Bedrooms 3.3 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $830,960
2 bedrooms $392,761
3 bedrooms $525,010
4 bedrooms $801,221
5 bedrooms $1,409,595
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 $626,141 79 days
Satellite 6 $2,655,667 203 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 236 $673,963 84 days
Multi-Million Dollar Homes 30 $1,871,797 130 days
Newly Built Homes 20 $837,526 259 days
Homes with a Pool 136 $758,261 92 days
Reduced Price Homes 24 $523,791 58 days
RE/MAX SOLUTIONS
Lindsay Sanger
2235 N. Courtenay Parkway, Suite A
Merritt Island, FL 32953
321-848-8379

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