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Merritt Island

Merritt Island Market Report

$746,814

AVERAGE PRICE OF 56 HOMES

$238,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,718,667

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$432,500

AVERAGE PRICE OF 2 NEWLY BUILT HOMES

$908,513

AVERAGE PRICE OF 15 HOMES WITH A POOL

$279,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $746,814
Avg Bedrooms 2.66 beds
Avg Bathrooms 1.84 baths

Average Price by Bedrooms

3 bedrooms $344,357
4 bedrooms $531,518
5 bedrooms $617,612
Merritt Island Home Price Trends
  10/2020 9/2020 8/2020 7/2020 6/2020
Total Listings 57 59 68 74 73
Average Price $688,880 $681,230 $674,400 $600,082 $634,381
Avg Price Change +1.12% +1.01% +12.38% -5.72% -2.95%
Median Price $404,426 $389,872 $406,321 $390,373 $408,848
Med Price Change +3.73% -4.22% +4.09% -4.73% -2.24%
Avg Bedrooms 2.51 beds 2.43 beds 2.68 beds 2.78 beds 3.1 beds
Avg Bathrooms 1.84 baths 1.77 baths 2 baths 2.05 baths 2.26 baths
Total Homes Average Price Avg Days on Site
All Homes 56 $746,814 111 days
Distressed Homes 1 $238,000 145 days
Multi-Million Dollar Homes 9 $2,718,667 145 days
Newly Built Homes 2 $432,500 161 days
Homes with a Pool 15 $908,513 87 days
Reduced Price Homes 1 $279,000 15 days