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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

$765,992

AVERAGE PRICE OF 376 HOMES

$277,450

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,494,061

AVERAGE PRICE OF 56 MULTI-MILLION DOLLAR HOMES

$826,553

AVERAGE PRICE OF 25 NEWLY BUILT HOMES

$750,143

AVERAGE PRICE OF 171 HOMES WITH A POOL

$547,967

AVERAGE PRICE OF 31 REDUCED PRICE HOMES

Average Home

Average Price $765,992
Avg Bedrooms 2.66 beds
Avg Bathrooms 2.11 baths

Average Price by Bedrooms

1 bedroom $347,533
2 bedrooms $309,308
3 bedrooms $552,214
4 bedrooms $765,615
5 bedrooms $1,348,566
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 330 $617,605 90 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 376 $765,992 94 days
Distressed Homes 2 $277,450 100 days
Multi-Million Dollar Homes 56 $2,494,061 134 days
Newly Built Homes 25 $826,553 92 days
Homes with a Pool 171 $750,143 81 days
Reduced Price Homes 31 $547,967 71 days