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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

$764,774

AVERAGE PRICE OF 466 HOMES

$736,760

AVERAGE PRICE OF 5 DISTRESSED HOMES

$2,334,678

AVERAGE PRICE OF 72 MULTI-MILLION DOLLAR HOMES

$1,228,453

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$932,030

AVERAGE PRICE OF 154 HOMES WITH A POOL

$469,604

AVERAGE PRICE OF 28 REDUCED PRICE HOMES

Average Home

Average Price $764,774
Avg Bedrooms 2.79 beds
Avg Bathrooms 2.14 baths

Average Price by Bedrooms

1 bedroom $422,600
2 bedrooms $404,479
3 bedrooms $551,478
4 bedrooms $755,073
5 bedrooms $1,580,671
Merritt Island Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 409 376 373 376 390
Average Price $807,356 $792,359 $768,289 $719,938 $717,208
Avg Price Change +1.89% +3.13% +6.72% +0.38% -2.70%
Median Price $533,723 $553,042 $540,160 $515,474 $516,792
Med Price Change -3.62% +2.38% +4.79% -0.26% -1.47%
Avg Bedrooms 2.79 beds 2.78 beds 2.75 beds 2.74 beds 2.72 beds
Avg Bathrooms 2.19 baths 2.16 baths 2.12 baths 2.1 baths 2.07 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 422 $682,677 93 days
Total Homes Average Price Avg Days on Site
All Homes 466 $764,774 103 days
Distressed Homes 5 $736,760 72 days
Multi-Million Dollar Homes 72 $2,334,678 136 days
Newly Built Homes 30 $1,228,453 149 days
Homes with a Pool 154 $932,030 74 days
Reduced Price Homes 28 $469,604 52 days

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