North Merritt Island, FL

Balanced market+4.7% YoY

Housing market overview · Updated weekly

$670,000median sale price

Homes sold

19

Last 12 weeks

Days on market

69

Average pace

Active listings

48

2.5 months supply

Sale-to-list

96.8%

Below asking

The North Merritt Island housing market is currently classified as a balanced market with a median sale price of $670,000. Prices have risen 4.7% compared to last year, with homes spending an average of 69 days on market, indicating 2.5 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 North Merritt Island

There are currently 48 homes listed for sale in North Merritt Island, Florida. The median listing price is $680K.

Active listings

48

Homes on market

Median list price

$680K

Avg. days on market

69

Days until sale

New this week

16

Newly listed

Price drops:35.4%of listings
Sale-to-list:96.8%

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Frequently asked questions

What is the average home price in North Merritt Island?

The median home sale price in North Merritt Island is $670,000, up 4.7% from last year.

How long do homes stay on market in North Merritt Island?

Homes typically spend 69 days on market before going under contract.

Is North Merritt Island a buyer's or seller's market?

With 2.5 months of supply, North Merritt Island is currently a balanced market.

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