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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

$769,308

AVERAGE PRICE OF 505 HOMES

$600,528

AVERAGE PRICE OF 7 DISTRESSED HOMES

$2,426,458

AVERAGE PRICE OF 74 MULTI-MILLION DOLLAR HOMES

$1,126,566

AVERAGE PRICE OF 36 NEWLY BUILT HOMES

$945,194

AVERAGE PRICE OF 171 HOMES WITH A POOL

$576,453

AVERAGE PRICE OF 37 REDUCED PRICE HOMES

Average Home

Average Price $769,308
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $443,550
2 bedrooms $384,890
3 bedrooms $556,396
4 bedrooms $756,152
5 bedrooms $1,699,431
Merritt Island Home Price Trends
  3/2025 2/2025 1/2025 12/2024 11/2024
Total Listings 454 409 376 373 376
Average Price $773,366 $807,356 $792,359 $768,289 $719,938
Avg Price Change -4.40% +1.89% +3.13% +6.72% +0.38%
Median Price $516,544 $533,723 $553,042 $540,160 $515,474
Med Price Change -3.33% -3.62% +2.38% +4.79% -0.26%
Avg Bedrooms 2.78 beds 2.79 beds 2.78 beds 2.75 beds 2.74 beds
Avg Bathrooms 2.14 baths 2.19 baths 2.16 baths 2.12 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 460 $677,074 96 days
Total Homes Average Price Avg Days on Site
All Homes 505 $769,308 104 days
Distressed Homes 7 $600,528 68 days
Multi-Million Dollar Homes 74 $2,426,458 137 days
Newly Built Homes 36 $1,126,566 139 days
Homes with a Pool 171 $945,194 79 days
Reduced Price Homes 37 $576,453 78 days

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