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Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$817,084

AVERAGE PRICE OF 403 HOMES

$852,100

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,384,911

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$1,055,827

AVERAGE PRICE OF 31 NEWLY BUILT HOMES

$995,163

AVERAGE PRICE OF 132 HOMES WITH A POOL

$609,958

AVERAGE PRICE OF 17 REDUCED PRICE HOMES

Average Home

Average Price $817,084
Avg Bedrooms 2.81 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $384,290
2 bedrooms $402,847
3 bedrooms $542,502
4 bedrooms $828,581
5 bedrooms $1,712,643
Merritt Island Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 376 373 376 390 399
Average Price $792,359 $768,289 $719,938 $717,208 $736,592
Avg Price Change +3.13% +6.72% +0.38% -2.70% -0.97%
Median Price $553,042 $540,160 $515,474 $516,792 $524,405
Med Price Change +2.38% +4.79% -0.26% -1.47% +0.79%
Avg Bedrooms 2.78 beds 2.75 beds 2.74 beds 2.72 beds 2.73 beds
Avg Bathrooms 2.16 baths 2.12 baths 2.1 baths 2.07 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 365 $705,788 98 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 403 $817,084 107 days
Distressed Homes 4 $852,100 77 days
Multi-Million Dollar Homes 71 $2,384,911 119 days
Newly Built Homes 31 $1,055,827 141 days
Homes with a Pool 132 $995,163 87 days
Reduced Price Homes 17 $609,958 78 days