New Listing
$39,900
742 Floyd Bennett Dr Unit A155
Melbourne, FL 32901
2 bd2 ba560 sqft$71/ft²
Mobile home
Peggy Heiser · Tropical Haven
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Sarah Mitchell
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Compass Real Estate · Melbourne, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Melbourne, FL(512) 555-0184TX License #0512847
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Melbourne, FL Housing Market & Real Estate
Leaning buyer's
Housing market overview · Updated monthly ·
$315,000median sale price
How is the Melbourne, FL housing market right now?
The median home sale price in Melbourne, FL is $315,000. Homes sell in an average of 55 days with 412 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Melbourne a buyer's or seller's market?
Leaning buyer's3.6 months of supply55 avg. days on market
Melbourne, FL is currently a leaning buyer's, based on 3.6 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
113
Last 12 weeks
Days on market
55
Average pace
Active listings
412
3.6 months supply
Sale-to-list
95.6%
Below asking
What does the Melbourne housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $315,000 |
| Median list price | $327,900 |
| Average days on market | 55 days |
| Active inventory | 412 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 95.6% |
| Median price per sq ft | $209/sq ft |
| Homes sold (latest month) | 113 |
| New listings (latest month) | 139 |
| Listings with a price cut | 33.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Melbourne by property type?
How the Melbourne, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $330,000 | $219/sq ft | 85 | 43 days |
| Condo / Co-op | $175,000 | $154/sq ft | 11 | 179 days |
| Townhouse | $275,000 | $188/sq ft | 17 | 89 days |
Source: Redfin · Updated monthly
The Melbourne housing market is currently classified as a leaning buyer's with a median sale price of $315,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 55 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.6x provides context for how home values compare to local earning capacity.
Homes for sale in Melbourne
There are currently 412 homes listed for sale in Melbourne, Florida. The median listing price is $328K. Featured listings range from $39,900 to $959,000.
New Listing
43
$68,900
2112 Harbor Point Ct Unit 598
Melbourne, FL 32904
2 bd2 ba1,248 sqft$55/ft²
Mobile home
View photos & details
New Listing
15
$139,900
2263 Monroe St NE
Melbourne, FL 32905
3 bd2 ba1,480 sqft$95/ft²
House6,970 sqft lot
Shirley Weems · Waterman Real Estate, Inc.
View photos & details
New Listing
42
$235,000
7667 N Wickham Rd Apt 302
Melbourne, FL 32940
3 bd2 ba1,256 sqft$187/ft²
Condo
Donell Knight Ii · Blue Marlin Real Estate
View photos & details
New Listing
24
$255,000
1322 Hampton Park Ln
Melbourne, FL 32940
2 bd3 ba1,110 sqft$230/ft²
Townhouse1,742 sqft lot
Rick Drouin · Real Estate Solutions Brevard
View photos & details
New Listing
31
$339,500
2303 Early Dawn Cir
Melbourne, FL 32935
3 bd2 ba1,341 sqft$253/ft²
House5,663 sqft lot
Jonathan Minerick · Homecoin.com
View photos & details
New Listing
80
$399,990
3252 Chica Cir
Melbourne, FL 32904
4 bd3 ba2,252 sqft$178/ft²
House5,663 sqft lot
REALTY ONE GROUP MVP
View photos & details
New Listing
69
$554,900
2941 Camberly Cir
Melbourne, FL 32940
4 bd3 ba2,195 sqft$253/ft²
House9,148 sqft lot
Kimberly Fouts · Blue Marlin Real Estate
View photos & details
New Listing
63
$579,000
4498 Lady Hawk Way
Melbourne, FL 32904
4 bd2 ba2,321 sqft$249/ft²
House9,583 sqft lot
Dawn Dinoto · Real Broker, LLC
View photos & details
New Listing
54
$700,000
3513 Coastline Ln
Melbourne, FL 32940
3 bd2 ba1,921 sqft$364/ft²
House6,534 sqft lot
David Jelinek · EXP Realty, LLC
View photos & details
New Listing
45
$825,000
4101 Careywood Dr
Melbourne, FL 32934
4 bd3 ba2,802 sqft$294/ft²
House1.02 acres
Dee Dee Davis · BHHS Florida Realty
View photos & details
New Listing
55
$959,000
2846 Silverlefe Ln
Melbourne, FL 32940
5 bd5 ba3,108 sqft$309/ft²
House10,890 sqft lot
Megan Ross · Denovo Realty
View photos & details
Looking to buy in Melbourne?
Get connected with a local real estate expert — free, no obligation.
Active listings
412
Homes on market
Median list price
$328K
Avg. days on market
55
Days until sale
New this week
139
Newly listed
Price drops:33.7%of listings
Sale-to-list:95.6%
Who lives in Melbourne?
Population
85,718
Median income
$64,504/yr
Median age
42.3 years
Owner-occupied
60.3%
College grads
33.3%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Melbourne?
Zillow home value
$359,920
Zillow rent index
$1,862/mo
Price-to-rent ratio
16.1x
Price-to-income
5.6x
Source: Zillow Research
What is it like to live in Melbourne?
Melbourne is a community of approximately 86K residents with a median age of 42.3 years.The median household income is $64,504, which represents a working-class community with solid middle-income opportunities. 33.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.3%, showing a blend of owner and renter-occupied properties. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Melbourne offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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
EAU GALLIE HIGH SCHOOL
Grades 8-12 · 1,490 students
PALM BAY MAGNET SENIOR HIGH SCHOOL
Grades 9-12 · 1,411 students
WEST SHORE JUNIOR/SENIOR HIGH SCHOOL
Grades 7-12 · 931 students
QUEST ELEMENTARY SCHOOL
Grades PK-6 · 714 students
LONGLEAF ELEMENTARY SCHOOL
Grades PK-6 · 606 students
SUNTREE ELEMENTARY SCHOOL
Grades PK-6 · 599 students
DR. W.J. CREEL ELEMENTARY SCHOOL
Grades PK-6 · 588 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Melbourne, FL?
Want a head-to-head view? Compare Melbourne side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Melbourne?
Is Melbourne a good real estate investment market?
For investors evaluating Melbourne, the price-to-rent ratio of 16.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Melbourne's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Melbourne's median home price.
Frequently asked questions
What is the average home price in Melbourne?
The median home sale price in Melbourne is $315,000, down 0.0% from last year.
How long do homes stay on market in Melbourne?
Homes typically spend 55 days on market before going under contract.
What is the median income in Melbourne?
The median household income is $64,504 per year.
Is Melbourne a buyer's or seller's market?
With 3.6 months of supply, Melbourne is currently a leaning buyer's.
How many homes are for sale in Melbourne?
There are currently 412 homes listed for sale in Melbourne, FL.
What is the Zillow home value estimate for Melbourne?
The Zillow Home Value Index (ZHVI) for Melbourne is $359,920, representing the typical home value in the area.
What is the median condo price in Melbourne?
The median condo/co-op sale price in Melbourne, FL is $175,000, compared to $330,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Melbourne?
The median single-family home price in Melbourne, FL is $330,000 (about $219 per square foot).
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