Merritt Island, FL
Housing market overview · Updated weekly
$540,000median sale price
Homes sold
46
Last 12 weeks
Days on market
94
Average pace
Active listings
219
4.8 months supply
Sale-to-list
96.5%
Below asking
The Merritt Island housing market is currently classified as a leaning buyer's with a median sale price of $540,000. Prices have fallen 0.9% compared to last year, with homes spending an average of 94 days on market, indicating 4.8 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 Merritt Island
There are currently 219 homes listed for sale in Merritt Island, Florida. The median listing price is $408K.
Active listings
219
Homes on market
Median list price
$408K
Avg. days on market
94
Days until sale
New this week
60
Newly listed
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Frequently asked questions
What is the average home price in Merritt Island?
The median home sale price in Merritt Island is $540,000, down 0.9% from last year.
How long do homes stay on market in Merritt Island?
Homes typically spend 94 days on market before going under contract.
Is Merritt Island a buyer's or seller's market?
With 4.8 months of supply, Merritt Island is currently a leaning buyer's.
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