How much do homes in Merritt Island, FL cost?

Median List Price

$365,293

Based on all homes listed in the last 12 months.

Difference Since May 2020

+$35,528(+10.8%)

Key Takeaway

The list price of homes in Merritt Island has increased by 10.8% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSMay 2020May 2021%
1 $92.5K$109K+17.8%
2 $134.9K$150K+11.2%
3 $299K$325K+8.7%
4 $400K$448.1K+12.0%
5+ $565K$680K+20.4%

Median List Price Compared To Nearby Cities

Cocoa
+29.3%
Rockledge
+15.2%
Cocoa Beach
+14.6%
Cocoa Beach-Cape Canaveral
+13.4%
Merritt Island
+10.8%

How many homes are available in Merritt Island, FL?

Number of Homes For Sale

Apr 2021May 2021%
404384-5.0%

Homes For Sale By Bedroom Count

# BEDSApr 2021May 2021%
1 811+37.5%
2 3340+21.2%
3 175163-6.9%
4 144134-6.9%
5+ 4436-18.2%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

May 2020May 2021%
147 Days102 Days-30.8%

Breakdown of Home Sale Times

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About Merritt Island, FL

Number of homes for sale in Merritt Island, FL real estate market have reached 384.

While the average time on the market in May 2021 was 102 days, the median list price was $365,293.

Listing prices have changed in this real estate market between April 2021 and May 2021: prices of 1 bedroom properties went up by 17.8%, 2 bedrooms properties prices increased by 11.2%, prices of 3 bedrooms properties went up by 8.7%, the cost of 4 bedrooms properties went up by 12%, prices of 5 bedrooms properties went up by 20.4%.

In May 2021 in Merritt Island, FL there were 5% less homes for sale than in April 2021.

Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 37.5%, volume of 2 bedrooms homes went up by 21.2%, the quantity of 3 bedrooms homes went down by 6.9%, 4 bedrooms homes became 6.9% less available, 5 bedrooms homes became 18.2% less available.

Merritt Island, FL housing market in May 2021 saw over 37 listings sold above listed price, more than 26 sold at listed price and over 40 sold below.

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