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Merritt Island Market Report

$537,305

AVERAGE PRICE OF 357 HOMES

$194,020

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,751,915

AVERAGE PRICE OF 34 MULTI-MILLION DOLLAR HOMES

$564,224

AVERAGE PRICE OF 60 NEWLY BUILT HOMES

$639,281

AVERAGE PRICE OF 211 HOMES WITH A POOL

$525,574

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $537,305
Avg Bedrooms 3.57 beds
Avg Bathrooms 2.56 baths

Average Price by Bedrooms

1 bedroom $171,175
2 bedrooms $187,698
3 bedrooms $413,487
4 bedrooms $580,665
5 bedrooms $899,020
Merritt Island Home Price Trends
  2/2019 1/2019 12/2018 11/2018 10/2018
Total Listings 375 361 362 352 335
Average Price $548,871 $547,991 $552,429 $545,198 $541,115
Avg Price Change +0.16% -0.81% +1.33% +0.75% +0.43%
Median Price $385,127 $373,264 $374,096 $372,566 $372,331
Med Price Change +3.18% -0.22% +0.41% +0.06% +0.03%
Avg Bedrooms 3.56 beds 3.53 beds 3.58 beds 3.56 beds 3.57 beds
Avg Bathrooms 2.56 baths 2.53 baths 2.55 baths 2.52 baths 2.5 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 331 $494,373 89 days
Satellite 14 $1,592,229 123 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 357 $537,305 97 days
Distressed Homes 5 $194,020 47 days
Multi-Million Dollar Homes 34 $1,751,915 140 days
Newly Built Homes 60 $564,224 166 days
Homes with a Pool 211 $639,281 100 days
Reduced Price Homes 29 $525,574 74 days
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