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Melbourne Market Report

$386,968

AVERAGE PRICE OF 675 HOMES

$257,612

AVERAGE PRICE OF 8 DISTRESSED HOMES

$1,392,126

AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES

$494,841

AVERAGE PRICE OF 151 NEWLY BUILT HOMES

$439,445

AVERAGE PRICE OF 290 HOMES WITH A POOL

$389,539

AVERAGE PRICE OF 43 REDUCED PRICE HOMES

Average Home

Average Price $386,968
Avg Bedrooms 3.41 beds
Avg Bathrooms 2.42 baths

Average Price by Bedrooms

1 bedroom $106,561
2 bedrooms $186,248
3 bedrooms $311,919
4 bedrooms $500,218
5 bedrooms $579,571
Melbourne Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 724 767 835 849 825
Average Price $376,603 $373,984 $359,266 $349,263 $343,186
Avg Price Change +0.70% +4.10% +2.86% +1.77% +0.85%
Median Price $322,571 $322,630 $312,466 $302,423 $297,001
Med Price Change -0.02% +3.25% +3.32% +1.83% +1.42%
Avg Bedrooms 3.35 beds 3.32 beds 3.32 beds 3.31 beds 3.32 beds
Avg Bathrooms 2.4 baths 2.38 baths 2.36 baths 2.34 baths 2.32 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 196 $367,762 81 days
Melbourne 100 $358,204 76 days
Palm Bay 33 $242,993 62 days
Satellite 15 $322,809 61 days
Viera 322 $424,198 98 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 675 $386,968 88 days
Distressed Homes 8 $257,612 67 days
Multi-Million Dollar Homes 13 $1,392,126 186 days
Newly Built Homes 151 $494,841 144 days
Homes with a Pool 290 $439,445 72 days
Reduced Price Homes 43 $389,539 53 days