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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

$767,700

AVERAGE PRICE OF 376 HOMES

$277,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,468,183

AVERAGE PRICE OF 57 MULTI-MILLION DOLLAR HOMES

$828,153

AVERAGE PRICE OF 25 NEWLY BUILT HOMES

$753,407

AVERAGE PRICE OF 172 HOMES WITH A POOL

$634,603

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $767,700
Avg Bedrooms 2.68 beds
Avg Bathrooms 2.12 baths

Average Price by Bedrooms

1 bedroom $363,445
2 bedrooms $309,371
3 bedrooms $554,974
4 bedrooms $760,792
5 bedrooms $1,317,319
Merritt Island Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 415 433 431 408 408
Average Price $768,079 $781,705 $799,004 $811,308 $790,942
Avg Price Change -1.77% -2.21% -1.54% +2.57% +1.26%
Median Price $545,667 $541,789 $538,242 $548,240 $531,304
Med Price Change +0.72% +0.66% -1.86% +3.19% +1.44%
Avg Bedrooms 2.65 beds 2.68 beds 2.7 beds 2.68 beds 2.58 beds
Avg Bathrooms 2.1 baths 2.1 baths 2.06 baths 2.05 baths 2.01 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 331 $619,106 90 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 376 $767,700 94 days
Distressed Homes 2 $277,450 102 days
Multi-Million Dollar Homes 57 $2,468,183 134 days
Newly Built Homes 25 $828,153 94 days
Homes with a Pool 172 $753,407 81 days
Reduced Price Homes 29 $634,603 74 days