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Denise Cottrell
321-615-2014

Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$771,833

AVERAGE PRICE OF 456 HOMES

$833,975

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,383,512

AVERAGE PRICE OF 70 MULTI-MILLION DOLLAR HOMES

$1,158,310

AVERAGE PRICE OF 34 NEWLY BUILT HOMES

$958,414

AVERAGE PRICE OF 148 HOMES WITH A POOL

$619,366

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $771,833
Avg Bedrooms 2.77 beds
Avg Bathrooms 2.13 baths

Average Price by Bedrooms

1 bedroom $422,366
2 bedrooms $420,785
3 bedrooms $551,201
4 bedrooms $778,014
5 bedrooms $1,611,306
Merritt Island Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 409 376 373 376 390
Average Price $807,356 $792,359 $768,289 $719,938 $717,208
Avg Price Change +1.89% +3.13% +6.72% +0.38% -2.70%
Median Price $533,723 $553,042 $540,160 $515,474 $516,792
Med Price Change -3.62% +2.38% +4.79% -0.26% -1.47%
Avg Bedrooms 2.79 beds 2.78 beds 2.75 beds 2.74 beds 2.72 beds
Avg Bathrooms 2.19 baths 2.16 baths 2.12 baths 2.1 baths 2.07 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 410 $680,834 94 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 456 $771,833 103 days
Distressed Homes 4 $833,975 81 days
Multi-Million Dollar Homes 70 $2,383,512 132 days
Newly Built Homes 34 $1,158,310 155 days
Homes with a Pool 148 $958,414 74 days
Reduced Price Homes 36 $619,366 62 days

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