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Merritt Island

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 Market Report

$720,089

AVERAGE PRICE OF 405 HOMES

$903,266

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,385,282

AVERAGE PRICE OF 51 MULTI-MILLION DOLLAR HOMES

$771,111

AVERAGE PRICE OF 29 NEWLY BUILT HOMES

$731,800

AVERAGE PRICE OF 175 HOMES WITH A POOL

$446,800

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $720,089
Avg Bedrooms 2.73 beds
Avg Bathrooms 2.07 baths

Average Price by Bedrooms

1 bedroom $578,966
2 bedrooms $299,996
3 bedrooms $529,787
4 bedrooms $740,815
5 bedrooms $1,119,859
Merritt Island Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 399 383 385 415 433
Average Price $736,592 $743,705 $766,023 $768,079 $781,705
Avg Price Change -0.97% -3.00% -0.27% -1.77% -2.21%
Median Price $524,405 $520,316 $531,673 $545,667 $541,789
Med Price Change +0.79% -2.18% -2.63% +0.72% +0.66%
Avg Bedrooms 2.73 beds 2.69 beds 2.68 beds 2.65 beds 2.68 beds
Avg Bathrooms 2.09 baths 2.07 baths 2.11 baths 2.1 baths 2.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 368 $613,465 91 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 405 $720,089 100 days
Distressed Homes 3 $903,266 32 days
Multi-Million Dollar Homes 51 $2,385,282 141 days
Newly Built Homes 29 $771,111 121 days
Homes with a Pool 175 $731,800 82 days
Reduced Price Homes 26 $446,800 71 days