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Merritt Island Market Report

$725,886

AVERAGE PRICE OF 248 HOMES

$2,135,457

AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

$802,547

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$848,737

AVERAGE PRICE OF 147 HOMES WITH A POOL

$588,531

AVERAGE PRICE OF 19 REDUCED PRICE HOMES

Average Home

Average Price $725,886
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $512,166
2 bedrooms $427,757
3 bedrooms $478,915
4 bedrooms $910,371
5 bedrooms $1,425,081
Merritt Island Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 235 244 n/a 254 255
Average Price $710,519 $715,211 n/a $695,093 $681,044
Avg Price Change -0.66% n/a n/a +2.06% -1.60%
Median Price $532,494 $556,018 n/a $558,340 $547,468
Med Price Change -4.42% n/a n/a +1.99% +0.58%
Avg Bedrooms 3.29 beds 3.33 beds n/a 3.34 beds 3.33 beds
Avg Bathrooms 2.29 baths 2.34 baths n/a 2.35 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 235 $657,346 90 days
Satellite 9 $2,558,333 151 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 248 $725,886 92 days
Multi-Million Dollar Homes 37 $2,135,457 131 days
Newly Built Homes 32 $802,547 181 days
Homes with a Pool 147 $848,737 87 days
Reduced Price Homes 19 $588,531 93 days

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