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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

$720,485

AVERAGE PRICE OF 251 HOMES

$2,135,457

AVERAGE PRICE OF 37 MULTI-MILLION DOLLAR HOMES

$802,547

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$836,888

AVERAGE PRICE OF 150 HOMES WITH A POOL

$567,993

AVERAGE PRICE OF 16 REDUCED PRICE HOMES

Average Home

Average Price $720,485
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $512,611
2 bedrooms $415,547
3 bedrooms $481,182
4 bedrooms $903,571
5 bedrooms $1,373,896
Merritt Island Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 235 244 n/a 254 255
Average Price $710,519 $715,211 n/a $695,093 $681,044
Avg Price Change -0.66% n/a n/a +2.06% -1.60%
Median Price $532,494 $556,018 n/a $558,340 $547,468
Med Price Change -4.42% n/a n/a +1.99% +0.58%
Avg Bedrooms 3.29 beds 3.33 beds n/a 3.34 beds 3.33 beds
Avg Bathrooms 2.29 baths 2.34 baths n/a 2.35 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 237 $654,760 90 days
Satellite 9 $2,558,333 152 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 251 $720,485 92 days
Multi-Million Dollar Homes 37 $2,135,457 132 days
Newly Built Homes 32 $802,547 182 days
Homes with a Pool 150 $836,888 86 days
Reduced Price Homes 16 $567,993 89 days