Merritt Island Market Report
$589,317
AVERAGE PRICE OF 256 HOMES$293,266
AVERAGE PRICE OF 3 DISTRESSED HOMES$2,172,800
AVERAGE PRICE OF 25 MULTI-MILLION DOLLAR HOMES$657,763
AVERAGE PRICE OF 32 NEWLY BUILT HOMES$710,084
AVERAGE PRICE OF 147 HOMES WITH A POOL$578,633
AVERAGE PRICE OF 6 REDUCED PRICE HOMESAverage Home
| Average Price | $589,317 |
| Avg Bedrooms | 3.29 beds |
| Avg Bathrooms | 2.41 baths |
Average Price by Bedrooms
| 1 bedroom | $65,200 |
| 2 bedrooms | $292,293 |
| 3 bedrooms | $437,027 |
| 4 bedrooms | $677,814 |
| 5 bedrooms | $1,437,119 |
Merritt Island Home Price Trends
| 5/2021 | 4/2021 | 3/2021 | 2/2021 | 1/2021 | |
|---|---|---|---|---|---|
| Total Listings | 253 | 250 | 246 | 263 | 273 |
| Average Price | $585,106 | $563,099 | $557,176 | $523,924 | $499,645 |
| Avg Price Change | +3.91% | +1.06% | +6.35% | +4.86% | +0.55% |
| Median Price | $434,249 | $426,823 | $405,887 | $384,944 | $389,531 |
| Med Price Change | +1.74% | +5.16% | +5.44% | -1.19% | +1.20% |
| Avg Bedrooms | 3.37 beds | 3.45 beds | 3.5 beds | 3.43 beds | 3.42 beds |
| Avg Bathrooms | 2.44 baths | 2.45 baths | 2.46 baths | 2.44 baths | 2.4 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Merritt Island | 227 | $502,836 | 57 days |
| Satellite | 11 | $2,217,546 | 105 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 256 | $589,317 | 66 days |
| Distressed Homes | 3 | $293,266 | 30 days |
| Multi-Million Dollar Homes | 25 | $2,172,800 | 106 days |
| Newly Built Homes | 32 | $657,763 | 120 days |
| Homes with a Pool | 147 | $710,084 | 68 days |
| Reduced Price Homes | 6 | $578,633 | 46 days |
