Melbourne, FL Housing Market & Real Estate

Leaning buyer's-5.8% YoY

Housing market overview · Updated weekly ·

Quick answer: The median home sale price in Melbourne, FL is $300,000, down 5.8% year-over-year. Homes sell in an average of 71 days with 451 active listings. The market is currently a leaning buyer's.

$300,000median sale price

Is Melbourne a buyer's or seller's market?

Leaning buyer's4.2 months of supply71 avg. days on market

Melbourne, FL is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 71 days. How we determine this →

Homes sold

107

Last 12 weeks

Days on market

71

Average pace

Active listings

451

4.2 months supply

Sale-to-list

96.2%

Below asking

Melbourne, FL market data

Current housing market statistics for Melbourne, FL
MetricValue
Median sale price$300,000
Median list price$299,900
Year-over-year price change-5.8%
Average days on market71 days
Active inventory451 listings
Months of supply4.2 months
Sale-to-list price ratio96.2%
Market conditionLeaning buyer's

Source: Redfin · Updated weekly

The Melbourne housing market is currently classified as a leaning buyer's with a median sale price of $300,000. Prices have fallen 5.8% compared to last year, with homes spending an average of 71 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Melbourne

There are currently 451 homes listed for sale in Melbourne, Florida. The median listing price is $300K. Featured listings range from $39,900 to $959,000.

New listing
$39,900

742 Floyd Bennett Dr Unit A155

Melbourne, FL 32901

2 bd2 ba560 sqft
Mobile home

Peggy Heiser · Tropical Haven

More about this property
2 bedroom mobile home for sale at 2112 Harbor Point Ct Unit 598 Melbourne 32904 - $68,900
New listing
43
$68,900

2112 Harbor Point Ct Unit 598

Melbourne, FL 32904

2 bd2 ba1,248 sqft
Mobile home
More about this property
3 bedroom house for sale at 2263 Monroe St NE Melbourne 32905 - $139,900
New listing
15
$139,900

2263 Monroe St NE

Melbourne, FL 32905

3 bd2 ba1,480 sqft
House6,970 sqft lot
Est. $219KSold 2009 for $14K

Shirley Weems · Waterman Real Estate, Inc.

More about this property
3 bedroom condo for sale at 7667 N Wickham Rd Apt 302 Melbourne 32940 - $235,000
New listing
42
$235,000

7667 N Wickham Rd Apt 302

Melbourne, FL 32940

3 bd2 ba1,256 sqft
Condo
Est. $227KSold 2022 for $180K

Donell Knight Ii · Blue Marlin Real Estate

More about this property
2 bedroom townhouse for sale at 1322 Hampton Park Ln Melbourne 32940 - $255,000
New listing
24
$255,000

1322 Hampton Park Ln

Melbourne, FL 32940

2 bd3 ba1,110 sqft
Townhouse1,742 sqft lot
Est. $263KSold 2020 for $170K

Rick Drouin · Real Estate Solutions Brevard

More about this property
3 bedroom house for sale at 2303 Early Dawn Cir Melbourne 32935 - $339,500
New listing
31
$339,500

2303 Early Dawn Cir

Melbourne, FL 32935

3 bd2 ba1,341 sqft
House5,663 sqft lot
Est. $302K

Jonathan Minerick · Homecoin.com

More about this property
4 bedroom house for sale at 3252 Chica Cir Melbourne 32904 - $399,990
New listing
80
$399,990

3252 Chica Cir

Melbourne, FL 32904

4 bd3 ba2,252 sqft
House5,663 sqft lot
Est. $385KSold 2012 for $158K

REALTY ONE GROUP MVP

More about this property
4 bedroom house for sale at 2941 Camberly Cir Melbourne 32940 - $554,900
New listing
69
$554,900

2941 Camberly Cir

Melbourne, FL 32940

4 bd3 ba2,195 sqft
House9,148 sqft lot
Est. $550KSold 2008 for $356K

Kimberly Fouts · Blue Marlin Real Estate

More about this property
4 bedroom house for sale at 4498 Lady Hawk Way Melbourne 32904 - $579,000
New listing
63
$579,000

4498 Lady Hawk Way

Melbourne, FL 32904

4 bd2 ba2,321 sqft
House9,583 sqft lot
Est. $449KSold 2012 for $211K

Dawn Dinoto · Real Broker, LLC

More about this property
3 bedroom house for sale at 3513 Coastline Ln Melbourne 32940 - $700,000
New listing
54
$700,000

3513 Coastline Ln

Melbourne, FL 32940

3 bd2 ba1,921 sqft
House6,534 sqft lot
Est. $581KSold 2024 for $638K

David Jelinek · EXP Realty, LLC

More about this property
4 bedroom house for sale at 4101 Careywood Dr Melbourne 32934 - $825,000
New listing
45
$825,000

4101 Careywood Dr

Melbourne, FL 32934

4 bd3 ba2,802 sqft
House1.02 acres
Est. $684KSold 1999 for $50K

Dee Dee Davis · BHHS Florida Realty

More about this property
5 bedroom house for sale at 2846 Silverlefe Ln Melbourne 32940 - $959,000
New listing
55
$959,000

2846 Silverlefe Ln

Melbourne, FL 32940

5 bd5 ba3,108 sqft
House10,890 sqft lot
Est. $946KSold 2025 for $939K

Megan Ross · Denovo Realty

More about this property

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Active listings

451

Homes on market

Median list price

$300K

Avg. days on market

71

Days until sale

New this week

138

Newly listed

Price drops:25.7%of listings
Sale-to-list:96.2%

Top public schools in Melbourne

18 schools tracked · 12,692 students

The largest public schools serving Melbourne, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

MELBOURNE SENIOR HIGH SCHOOL

Grades 9-12 · 2,176 students

Public

EAU GALLIE HIGH SCHOOL

Grades 8-12 · 1,490 students

Public

PALM BAY MAGNET SENIOR HIGH SCHOOL

Grades 9-12 · 1,411 students

Public

WEST SHORE JUNIOR/SENIOR HIGH SCHOOL

Grades 7-12 · 931 students

Public

QUEST ELEMENTARY SCHOOL

Grades PK-6 · 714 students

Public

LONGLEAF ELEMENTARY SCHOOL

Grades PK-6 · 606 students

Public

SUNTREE ELEMENTARY SCHOOL

Grades PK-6 · 599 students

Public

DR. W.J. CREEL ELEMENTARY SCHOOL

Grades PK-6 · 588 students

Public

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

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Frequently asked questions

What is the average home price in Melbourne?

The median home sale price in Melbourne is $300,000, down 5.8% from last year.

How long do homes stay on market in Melbourne?

Homes typically spend 71 days on market before going under contract.

Is Melbourne a buyer's or seller's market?

With 4.2 months of supply, Melbourne is currently a leaning buyer's.

How many homes are for sale in Melbourne?

There are currently 451 homes listed for sale in Melbourne, FL.

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