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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

$778,910

AVERAGE PRICE OF 492 HOMES

$379,975

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,310,456

AVERAGE PRICE OF 81 MULTI-MILLION DOLLAR HOMES

$993,076

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$965,499

AVERAGE PRICE OF 174 HOMES WITH A POOL

$608,902

AVERAGE PRICE OF 39 REDUCED PRICE HOMES

Average Home

Average Price $778,910
Avg Bedrooms 2.86 beds
Avg Bathrooms 3.28 baths

Average Price by Bedrooms

1 bedroom $387,790
2 bedrooms $351,985
3 bedrooms $554,564
4 bedrooms $818,073
5 bedrooms $1,671,844
Merritt Island Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 496 495 454 409 376
Average Price $789,882 $766,698 $773,366 $807,356 $792,359
Avg Price Change +3.02% -0.87% -4.40% +1.89% +3.13%
Median Price $532,812 $526,279 $516,544 $533,723 $553,042
Med Price Change +1.24% +1.88% -3.33% -3.62% +2.38%
Avg Bedrooms 2.87 beds 2.83 beds 2.78 beds 2.79 beds 2.78 beds
Avg Bathrooms 2.34 baths 2.15 baths 2.14 baths 2.19 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 449 $677,880 109 days
Total Homes Average Price Avg Days on Site
All Homes 492 $778,910 119 days
Distressed Homes 4 $379,975 100 days
Multi-Million Dollar Homes 81 $2,310,456 149 days
Newly Built Homes 35 $993,076 161 days
Homes with a Pool 174 $965,499 85 days
Reduced Price Homes 39 $608,902 75 days

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