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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

$794,821

AVERAGE PRICE OF 435 HOMES

$421,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,512,325

AVERAGE PRICE OF 69 MULTI-MILLION DOLLAR HOMES

$1,182,278

AVERAGE PRICE OF 18 NEWLY BUILT HOMES

$789,476

AVERAGE PRICE OF 193 HOMES WITH A POOL

$767,067

AVERAGE PRICE OF 26 REDUCED PRICE HOMES

Average Home

Average Price $794,821
Avg Bedrooms 2.69 beds
Avg Bathrooms 2.04 baths

Average Price by Bedrooms

1 bedroom $347,130
2 bedrooms $291,310
3 bedrooms $530,560
4 bedrooms $803,035
5 bedrooms $1,748,509
Merritt Island Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 408 408 403 388 n/a
Average Price $811,308 $790,942 $781,076 $782,254 n/a
Avg Price Change +2.57% +1.26% -0.15% n/a n/a
Median Price $548,240 $531,304 $523,741 $531,175 n/a
Med Price Change +3.19% +1.44% -1.42% n/a n/a
Avg Bedrooms 2.68 beds 2.58 beds 2.55 beds 2.52 beds n/a
Avg Bathrooms 2.05 baths 2.01 baths 1.97 baths 1.7 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 390 $656,880 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 435 $794,821 61 days
Distressed Homes 3 $421,633 46 days
Multi-Million Dollar Homes 69 $2,512,325 69 days
Newly Built Homes 18 $1,182,278 65 days
Homes with a Pool 193 $789,476 57 days
Reduced Price Homes 26 $767,067 61 days