Merritt Island Market Report
$685,031
AVERAGE PRICE OF 252 HOMES$247,000
AVERAGE PRICE OF 1 DISTRESSED HOMES$2,169,926
AVERAGE PRICE OF 27 MULTI-MILLION DOLLAR HOMES$766,774
AVERAGE PRICE OF 39 NEWLY BUILT HOMES$790,070
AVERAGE PRICE OF 136 HOMES WITH A POOL$543,147
AVERAGE PRICE OF 17 REDUCED PRICE HOMESAverage Home
| Average Price | $685,031 |
| Avg Bedrooms | 3.17 beds |
| Avg Bathrooms | 2.17 baths |
Average Price by Bedrooms
| 1 bedroom | $714,440 |
| 2 bedrooms | $444,362 |
| 3 bedrooms | $570,884 |
| 4 bedrooms | $877,163 |
| 5 bedrooms | $1,099,930 |
Merritt Island Home Price Trends
| 9/2022 | 8/2022 | 7/2022 | 6/2022 | 5/2022 | |
|---|---|---|---|---|---|
| Total Listings | 256 | 259 | 253 | n/a | n/a |
| Average Price | $680,922 | $691,941 | $683,009 | n/a | n/a |
| Avg Price Change | -1.62% | +1.31% | n/a | n/a | n/a |
| Median Price | $547,868 | $544,301 | $527,912 | n/a | n/a |
| Med Price Change | +0.66% | +3.10% | n/a | n/a | n/a |
| Avg Bedrooms | 3.16 beds | 3.34 beds | 3.3 beds | n/a | n/a |
| Avg Bathrooms | 2.16 baths | 2.33 baths | 2.31 baths | n/a | n/a |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 238 | $603,040 | 99 days |
| Satellite | 9 | $2,904,445 | 101 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 252 | $685,031 | 58 days |
| Distressed Homes | 1 | $247,000 | 29 days |
| Multi-Million Dollar Homes | 27 | $2,169,926 | 115 days |
| Newly Built Homes | 39 | $766,774 | 300 days |
| Homes with a Pool | 136 | $790,070 | 107 days |
| Reduced Price Homes | 17 | $543,147 | 42 days |
