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
Merritt Island Market Report
$650,712
AVERAGE PRICE OF 306 HOMES$435,950
AVERAGE PRICE OF 2 DISTRESSED HOMES$2,009,864
AVERAGE PRICE OF 33 MULTI-MILLION DOLLAR HOMES$1,098,782
AVERAGE PRICE OF 26 NEWLY BUILT HOMES$729,846
AVERAGE PRICE OF 174 HOMES WITH A POOL$457,930
AVERAGE PRICE OF 30 REDUCED PRICE HOMESAverage Home
| Average Price | $650,712 |
| Avg Bedrooms | 3.25 beds |
| Avg Bathrooms | 2.23 baths |
Average Price by Bedrooms
| 1 bedroom | $553,985 |
| 2 bedrooms | $325,168 |
| 3 bedrooms | $542,513 |
| 4 bedrooms | $754,846 |
| 5 bedrooms | $1,610,224 |
Merritt Island Home Price Trends
| 11/2023 | 10/2023 | 9/2023 | 8/2023 | 7/2023 | |
|---|---|---|---|---|---|
| Total Listings | 290 | 263 | 253 | 231 | 226 |
| Average Price | $684,812 | $721,556 | $675,136 | $654,982 | $656,469 |
| Avg Price Change | -5.37% | +6.88% | +3.08% | -0.23% | -2.62% |
| Median Price | $538,309 | $546,606 | $534,927 | $528,680 | $519,210 |
| Med Price Change | -1.54% | +2.18% | +1.18% | +1.82% | -4.22% |
| Avg Bedrooms | 3.29 beds | 3.33 beds | 3.29 beds | 3.26 beds | 3.21 beds |
| Avg Bathrooms | 2.26 baths | 2.29 baths | 2.22 baths | 2.17 baths | 2.2 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Melbourne | 1 | $300,000 | 20 days |
| Merritt Island | 290 | $587,681 | 76 days |
| Satellite | 11 | $2,339,591 | 165 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 306 | $650,712 | 78 days |
| Distressed Homes | 2 | $435,950 | 137 days |
| Multi-Million Dollar Homes | 33 | $2,009,864 | 129 days |
| Newly Built Homes | 26 | $1,098,782 | 181 days |
| Homes with a Pool | 174 | $729,846 | 75 days |
| Reduced Price Homes | 30 | $457,930 | 65 days |
