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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

$795,294

AVERAGE PRICE OF 461 HOMES

$430,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,254,571

AVERAGE PRICE OF 82 MULTI-MILLION DOLLAR HOMES

$1,000,796

AVERAGE PRICE OF 33 NEWLY BUILT HOMES

$1,011,632

AVERAGE PRICE OF 167 HOMES WITH A POOL

$610,209

AVERAGE PRICE OF 41 REDUCED PRICE HOMES

Average Home

Average Price $795,294
Avg Bedrooms 2.91 beds
Avg Bathrooms 3.41 baths

Average Price by Bedrooms

1 bedroom $385,880
2 bedrooms $339,786
3 bedrooms $571,994
4 bedrooms $801,267
5 bedrooms $1,639,070
Merritt Island Home Price Trends
  6/2025 5/2025 4/2025 3/2025 2/2025
Total Listings 486 496 495 454 409
Average Price $782,303 $789,882 $766,698 $773,366 $807,356
Avg Price Change -0.97% +3.02% -0.87% -4.40% +1.89%
Median Price $528,591 $532,812 $526,279 $516,544 $533,723
Med Price Change -0.80% +1.24% +1.88% -3.33% -3.62%
Avg Bedrooms 2.87 beds 2.87 beds 2.83 beds 2.78 beds 2.79 beds
Avg Bathrooms 3.31 baths 2.34 baths 2.15 baths 2.14 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 419 $689,049 116 days
Total Homes Average Price Avg Days on Site
All Homes 461 $795,294 125 days
Distressed Homes 3 $430,633 102 days
Multi-Million Dollar Homes 82 $2,254,571 139 days
Newly Built Homes 33 $1,000,796 166 days
Homes with a Pool 167 $1,011,632 92 days
Reduced Price Homes 41 $610,209 77 days

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