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Melbourne Market Report

$512,532

AVERAGE PRICE OF 673 HOMES

$474,933

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,444,339

AVERAGE PRICE OF 52 MULTI-MILLION DOLLAR HOMES

$855,593

AVERAGE PRICE OF 95 NEWLY BUILT HOMES

$596,381

AVERAGE PRICE OF 278 HOMES WITH A POOL

$507,512

AVERAGE PRICE OF 48 REDUCED PRICE HOMES

Average Home

Average Price $512,532
Avg Bedrooms 3.22 beds
Avg Bathrooms 2.31 baths

Average Price by Bedrooms

1 bedroom $186,666
2 bedrooms $288,330
3 bedrooms $486,573
4 bedrooms $627,203
5 bedrooms $777,014
Melbourne Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 652 665 n/a 708 712
Average Price $516,905 $507,510 n/a $505,545 $508,554
Avg Price Change +1.85% n/a n/a -0.60% -0.68%
Median Price $415,116 $406,193 n/a $402,186 $417,710
Med Price Change +2.20% n/a n/a -3.86% -0.83%
Avg Bedrooms 3.22 beds 3.21 beds n/a 3.23 beds 3.26 beds
Avg Bathrooms 2.3 baths 2.26 baths n/a 2.25 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 200 $486,371 89 days
Melbourne 172 $509,901 85 days
Palm Bay 38 $389,165 67 days
Satellite 12 $477,041 49 days
Viera 242 $557,103 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 673 $512,532 78 days
Distressed Homes 3 $474,933 39 days
Multi-Million Dollar Homes 52 $1,444,339 174 days
Newly Built Homes 95 $855,593 162 days
Homes with a Pool 278 $596,381 80 days
Reduced Price Homes 48 $507,512 60 days