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Merritt Island Market Report

$593,466

AVERAGE PRICE OF 314 HOMES

$119,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,162,678

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$532,340

AVERAGE PRICE OF 67 NEWLY BUILT HOMES

$776,940

AVERAGE PRICE OF 158 HOMES WITH A POOL

$512,462

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $593,466
Avg Bedrooms 3.61 beds
Avg Bathrooms 2.57 baths

Average Price by Bedrooms

1 bedroom $142,883
2 bedrooms $165,242
3 bedrooms $396,963
4 bedrooms $613,722
5 bedrooms $859,310
Merritt Island Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 299 318 353 375 361
Average Price $586,604 $567,778 $551,754 $548,871 $547,991
Avg Price Change +3.32% +2.90% +0.53% +0.16% -0.81%
Median Price $398,403 $396,821 $394,668 $385,127 $373,264
Med Price Change +0.40% +0.55% +2.48% +3.18% -0.22%
Avg Bedrooms 3.57 beds 3.56 beds 3.57 beds 3.56 beds 3.53 beds
Avg Bathrooms 2.6 baths 2.58 baths 2.57 baths 2.56 baths 2.53 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 298 $517,497 92 days
Satellite 11 $2,611,864 104 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 314 $593,466 92 days
Distressed Homes 2 $119,950 68 days
Multi-Million Dollar Homes 32 $2,162,678 153 days
Newly Built Homes 67 $532,340 106 days
Homes with a Pool 158 $776,940 97 days
Reduced Price Homes 19 $512,462 72 days