Melbourne, FL
Housing market overview · Updated weekly
$300,000median sale price
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
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
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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.
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