Melbourne Market Report
$589,725
AVERAGE PRICE OF 1,309 HOMES$455,196
AVERAGE PRICE OF 16 DISTRESSED HOMES$1,863,152
AVERAGE PRICE OF 130 MULTI-MILLION DOLLAR HOMES$786,828
AVERAGE PRICE OF 243 NEWLY BUILT HOMES$641,198
AVERAGE PRICE OF 426 HOMES WITH A POOL$382,533
AVERAGE PRICE OF 40 REDUCED PRICE HOMESAverage Home
| Average Price | $589,725 |
| Avg Bedrooms | 2.83 beds |
| Avg Bathrooms | 2.42 baths |
Average Price by Bedrooms
| 1 bedroom | $162,872 |
| 2 bedrooms | $276,299 |
| 3 bedrooms | $499,776 |
| 4 bedrooms | $652,372 |
| 5 bedrooms | $940,540 |
Melbourne Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,295 | 1,280 | 1,290 | 1,271 | 1,290 |
| Average Price | $590,854 | $585,247 | $580,774 | $583,026 | $584,249 |
| Avg Price Change | +0.96% | +0.77% | -0.39% | -0.21% | +0.55% |
| Median Price | $440,344 | $436,193 | $437,473 | $444,325 | $448,504 |
| Med Price Change | +0.95% | -0.29% | -1.57% | -0.94% | +0.48% |
| Avg Bedrooms | 2.84 beds | 2.86 beds | 2.86 beds | 2.88 beds | 2.89 beds |
| Avg Bathrooms | 2.41 baths | 2.36 baths | 2.34 baths | 2.35 baths | 2.36 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Viera | 474 | $605,969 | 101 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,309 | $589,725 | 107 days |
| Distressed Homes | 16 | $455,196 | 73 days |
| Multi-Million Dollar Homes | 130 | $1,863,152 | 172 days |
| Newly Built Homes | 243 | $786,828 | 157 days |
| Homes with a Pool | 426 | $641,198 | 105 days |
| Reduced Price Homes | 40 | $382,533 | 97 days |
