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Featured local agent — Melbourne Village, FL
Sarah Mitchell
Compass Real Estate · Melbourne Village, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Melbourne Village, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$475,000median sale price
How is the Melbourne Village, FL housing market right now?
The median home sale price in Melbourne Village, FL is $475,000, up 13.1% year-over-year. Homes sell in an average of 97 days with 6 active listings. The market is currently a balanced market. (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 Village a buyer's or seller's market?
Melbourne Village, FL is currently a balanced market, based on 3.0 months of supply and homes selling in about 97 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
97
Average pace
Active listings
6
3.0 months supply
Sale-to-list
99.0%
Below asking
What does the Melbourne Village housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $592,000 |
| Year-over-year price change | +13.1% |
| Average days on market | 97 days |
| Active inventory | 6 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 99.0% |
| Median price per sq ft | $227/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 2 |
| Listings with a price cut | 16.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Melbourne Village by property type?
How the Melbourne Village, 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 | $475,000 | $227/sq ft | 2 | 97 days |
Source: Redfin · Updated monthly
The Melbourne Village housing market is currently classified as a balanced market with a median sale price of $475,000. Prices have risen 13.1% compared to last year, with homes spending an average of 97 days on market, indicating 3.0 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 4.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Melbourne Village
There are currently 6 homes listed for sale in Melbourne Village, Florida. The median listing price is $592K.
Active listings
6
Homes on market
Median list price
$592K
Avg. days on market
97
Days until sale
New this week
2
Newly listed
Who lives in Melbourne Village?
Population
753
Median income
$93,846/yr
Median age
59.5 years
Owner-occupied
91.1%
College grads
55.0%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Melbourne Village?
Zillow home value
$431,213
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Melbourne Village?
Melbourne Village is a community of approximately 1K residents with a median age of 59.5 years.The median household income is $93,846, which reflects a relatively affluent area with strong earning potential. 55.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Melbourne Village offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Melbourne Village, FL?
Want a head-to-head view? Compare Melbourne Village side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Melbourne Village?
The median home sale price in Melbourne Village is $475,000, up 13.1% from last year.
How long do homes stay on market in Melbourne Village?
Homes typically spend 97 days on market before going under contract.
What is the median income in Melbourne Village?
The median household income is $93,846 per year.
Is Melbourne Village a buyer's or seller's market?
With 3.0 months of supply, Melbourne Village is currently a balanced market.
What is the Zillow home value estimate for Melbourne Village?
The Zillow Home Value Index (ZHVI) for Melbourne Village is $431,213, representing the typical home value in the area.
How much does a single-family home cost in Melbourne Village?
The median single-family home price in Melbourne Village, FL is $475,000 (about $227 per square foot).
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