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Joe Hamilton
321-863-4055

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

$742,688

AVERAGE PRICE OF 400 HOMES

$906,600

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,407,607

AVERAGE PRICE OF 55 MULTI-MILLION DOLLAR HOMES

$768,394

AVERAGE PRICE OF 29 NEWLY BUILT HOMES

$774,834

AVERAGE PRICE OF 178 HOMES WITH A POOL

$638,638

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $742,688
Avg Bedrooms 2.73 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $460,849
2 bedrooms $302,341
3 bedrooms $530,751
4 bedrooms $767,072
5 bedrooms $1,234,360
Merritt Island Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 383 385 415 433 431
Average Price $743,705 $766,023 $768,079 $781,705 $799,004
Avg Price Change -3.00% -0.27% -1.77% -2.21% -1.54%
Median Price $520,316 $531,673 $545,667 $541,789 $538,242
Med Price Change -2.18% -2.63% +0.72% +0.66% -1.86%
Avg Bedrooms 2.69 beds 2.68 beds 2.65 beds 2.68 beds 2.7 beds
Avg Bathrooms 2.07 baths 2.11 baths 2.1 baths 2.1 baths 2.06 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 357 $612,728 88 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 400 $742,688 96 days
Distressed Homes 3 $906,600 11 days
Multi-Million Dollar Homes 55 $2,407,607 138 days
Newly Built Homes 29 $768,394 110 days
Homes with a Pool 178 $774,834 81 days
Reduced Price Homes 26 $638,638 71 days

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