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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

$815,906

AVERAGE PRICE OF 399 HOMES

$852,100

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,362,390

AVERAGE PRICE OF 71 MULTI-MILLION DOLLAR HOMES

$1,007,688

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$988,339

AVERAGE PRICE OF 130 HOMES WITH A POOL

$485,042

AVERAGE PRICE OF 22 REDUCED PRICE HOMES

Average Home

Average Price $815,906
Avg Bedrooms 2.79 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $385,200
2 bedrooms $388,418
3 bedrooms $550,971
4 bedrooms $794,780
5 bedrooms $1,889,393
Merritt Island Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 376 373 376 390 399
Average Price $792,359 $768,289 $719,938 $717,208 $736,592
Avg Price Change +3.13% +6.72% +0.38% -2.70% -0.97%
Median Price $553,042 $540,160 $515,474 $516,792 $524,405
Med Price Change +2.38% +4.79% -0.26% -1.47% +0.79%
Avg Bedrooms 2.78 beds 2.75 beds 2.74 beds 2.72 beds 2.73 beds
Avg Bathrooms 2.16 baths 2.12 baths 2.1 baths 2.07 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 361 $706,843 101 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 399 $815,906 111 days
Distressed Homes 4 $852,100 73 days
Multi-Million Dollar Homes 71 $2,362,390 123 days
Newly Built Homes 30 $1,007,688 142 days
Homes with a Pool 130 $988,339 90 days
Reduced Price Homes 22 $485,042 100 days