How much do homes in Melbourne, FL cost?

Median List Price

$249,351

Based on all homes listed in the last 12 months.

Difference Since July 2020

+$44,764(+21.9%)

Key Takeaway

The list price of homes in Melbourne has increased by 21.9% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSJul 2020Jul 2021%
1 $80K$107.3K+34.2%
2 $129.9K$175K+34.7%
3 $209.9K$249.9K+19.0%
4 $275K$325K+18.2%
5+ $477K$612.3K+28.4%

Median List Price Compared To Nearby Cities

Melbourne
+21.9%
Indialantic-Melbourne Beach
+14.4%
West Melbourne
+12.3%
Indian Harbour Beach
+11.5%
Melbourne Village
+10.5%

How many homes are available in Melbourne, FL?

Number of Homes For Sale

Jun 2021Jul 2021%
519531+2.3%

Homes For Sale By Bedroom Count

# BEDSJun 2021Jul 2021%
1 2119-9.5%
2 9493-1.1%
3 286300+4.9%
4 9698+2.1%
5+ 2221-4.5%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Jul 2020Jul 2021%
126 Days95 Days-24.5%

Breakdown of Home Sale Times

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Key Takeaway

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About Melbourne, FL

Homes for sale in Melbourne, FL have reached 531. In July 2021 in Melbourne, FL there were 2.3% more homes for sale than in June 2021. Listings spent 95 days on the market in July 2021, and had a median list price of $249,351 during the same period. Between June 2021 and July 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 34.2% more expensive, 2 bedrooms properties prices increased by 34.7%, the cost of 3 bedrooms properties went up by 19%, 4 bedrooms properties prices increased by 18.2%, 5 bedrooms properties became 28.4% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 9.5%, 2 bedrooms homes inventory decreased by 1.1%, volume of 3 bedrooms homes went up by 4.9%, number of 4 bedrooms homes increased by 2.1%, 5 bedrooms homes became 4.5% less available. Over 56 listings were sold over their listed price in July 2021 in Melbourne, FL. In the same period over 45 listings were sold below the listed price and 26 listings were sold for the listed price.

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