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Merritt Island

Merritt Island Market Report

$557,322

AVERAGE PRICE OF 73 HOMES

$364,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,958,778

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$467,765

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$592,507

AVERAGE PRICE OF 26 HOMES WITH A POOL

$249,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $557,322
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.05 baths

Average Price by Bedrooms

2 bedrooms $218,828
3 bedrooms $342,297
4 bedrooms $552,899
5 bedrooms $699,114
Merritt Island Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 73 70 62 64 56
Average Price $634,381 $653,075 $670,161 $638,248 $656,877
Avg Price Change -2.95% -2.62% +5.00% -2.92% +1.11%
Median Price $408,848 $418,011 $411,013 $395,848 $402,687
Med Price Change -2.24% +1.70% +3.83% -1.73% -2.96%
Avg Bedrooms 3.1 beds 3.17 beds 3.16 beds 3.08 beds 2.99 beds
Avg Bathrooms 2.26 baths 2.3 baths 2.23 baths 2.13 baths 2.14 baths
Total Homes Average Price Avg Days on Site
All Homes 73 $557,322 98 days
Distressed Homes 2 $364,450 31 days
Multi-Million Dollar Homes 9 $1,958,778 142 days
Newly Built Homes 3 $467,765 102 days
Homes with a Pool 26 $592,507 79 days
Reduced Price Homes 1 $249,000 3 days