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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

$767,830

AVERAGE PRICE OF 411 HOMES

$282,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,488,757

AVERAGE PRICE OF 60 MULTI-MILLION DOLLAR HOMES

$832,990

AVERAGE PRICE OF 28 NEWLY BUILT HOMES

$760,349

AVERAGE PRICE OF 188 HOMES WITH A POOL

$518,370

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $767,830
Avg Bedrooms 2.64 beds
Avg Bathrooms 2.1 baths

Average Price by Bedrooms

1 bedroom $337,138
2 bedrooms $323,702
3 bedrooms $546,310
4 bedrooms $790,486
5 bedrooms $1,318,718
Merritt Island Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 433 431 408 408 403
Average Price $781,705 $799,004 $811,308 $790,942 $781,076
Avg Price Change -2.21% -1.54% +2.57% +1.26% -0.15%
Median Price $541,789 $538,242 $548,240 $531,304 $523,741
Med Price Change +0.66% -1.86% +3.19% +1.44% -1.42%
Avg Bedrooms 2.68 beds 2.7 beds 2.68 beds 2.58 beds 2.55 beds
Avg Bathrooms 2.1 baths 2.06 baths 2.05 baths 2.01 baths 1.97 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 364 $644,816 78 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 411 $767,830 82 days
Distressed Homes 2 $282,450 66 days
Multi-Million Dollar Homes 60 $2,488,757 115 days
Newly Built Homes 28 $832,990 73 days
Homes with a Pool 188 $760,349 69 days
Reduced Price Homes 21 $518,370 67 days