Merritt Island Market Report
$481,998
AVERAGE PRICE OF 315 HOMES$371,000
AVERAGE PRICE OF 3 DISTRESSED HOMES$1,955,494
AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES$502,219
AVERAGE PRICE OF 63 NEWLY BUILT HOMES$555,047
AVERAGE PRICE OF 168 HOMES WITH A POOL$467,212
AVERAGE PRICE OF 8 REDUCED PRICE HOMESAverage Home
| Average Price | $481,998 |
| Avg Bedrooms | 3.41 beds |
| Avg Bathrooms | 2.35 baths |
Average Price by Bedrooms
| 1 bedroom | $124,816 |
| 2 bedrooms | $296,205 |
| 3 bedrooms | $384,048 |
| 4 bedrooms | $523,646 |
| 5 bedrooms | $791,904 |
Merritt Island Home Price Trends
| 10/2020 | 9/2020 | 8/2020 | 7/2020 | 6/2020 | |
|---|---|---|---|---|---|
| Total Listings | 270 | 210 | 228 | 227 | 252 |
| Average Price | $502,041 | $521,333 | $518,527 | $530,906 | $573,402 |
| Avg Price Change | -3.84% | +0.54% | -2.39% | -8.00% | -2.07% |
| Median Price | $390,975 | $394,473 | $385,540 | $387,335 | $394,735 |
| Med Price Change | -0.89% | +2.32% | -0.47% | -1.91% | -2.00% |
| Avg Bedrooms | 3.42 beds | 3.41 beds | 3.38 beds | 3.44 beds | 3.52 beds |
| Avg Bathrooms | 2.4 baths | 2.4 baths | 2.39 baths | 2.44 baths | 2.51 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 295 | $448,643 | 88 days |
| Satellite | 7 | $1,242,114 | 100 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 315 | $481,998 | 89 days |
| Distressed Homes | 3 | $371,000 | 121 days |
| Multi-Million Dollar Homes | 16 | $1,955,494 | 92 days |
| Newly Built Homes | 63 | $502,219 | 153 days |
| Homes with a Pool | 168 | $555,047 | 84 days |
| Reduced Price Homes | 8 | $467,212 | 30 days |
