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Merritt Island Market Report

$725,839

AVERAGE PRICE OF 248 HOMES

$2,048,911

AVERAGE PRICE OF 35 MULTI-MILLION DOLLAR HOMES

$729,330

AVERAGE PRICE OF 47 NEWLY BUILT HOMES

$856,554

AVERAGE PRICE OF 142 HOMES WITH A POOL

$806,380

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $725,839
Avg Bedrooms 3.36 beds
Avg Bathrooms 2.37 baths

Average Price by Bedrooms

1 bedroom $1,088,300
2 bedrooms $444,083
3 bedrooms $485,539
4 bedrooms $952,256
5 bedrooms $1,131,671
Merritt Island Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings n/a 254 255 259 253
Average Price n/a $695,093 $681,044 $691,941 $683,009
Avg Price Change n/a +2.06% -1.60% +1.31% n/a
Median Price n/a $558,340 $547,468 $544,301 $527,912
Med Price Change n/a +1.99% +0.58% +3.10% n/a
Avg Bedrooms n/a 3.34 beds 3.33 beds 3.34 beds 3.3 beds
Avg Bathrooms n/a 2.35 baths 2.31 baths 2.33 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 236 $649,497 113 days
Satellite 8 $3,009,375 149 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 248 $725,839 113 days
Multi-Million Dollar Homes 35 $2,048,911 123 days
Newly Built Homes 47 $729,330 255 days
Homes with a Pool 142 $856,554 121 days
Reduced Price Homes 10 $806,380 71 days