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Featured local agent — North Merritt Island, FL
Sarah Mitchell
Compass Real Estate · North Merritt Island, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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North Merritt Island, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$585,600median sale price
How is the North Merritt Island, FL housing market right now?
The median home sale price in North Merritt Island, FL is $585,600, down 2.5% year-over-year. Homes sell in an average of 87 days with 49 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 North Merritt Island a buyer's or seller's market?
North Merritt Island, FL is currently a balanced market, based on 2.6 months of supply and homes selling in about 87 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
87
Average pace
Active listings
49
2.6 months supply
Sale-to-list
97.5%
Below asking
What does the North Merritt Island housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $585,600 |
| Median list price | $588,900 |
| Year-over-year price change | -2.5% |
| Average days on market | 87 days |
| Active inventory | 49 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 97.5% |
| Median price per sq ft | $234/sq ft |
| Homes sold (latest month) | 19 |
| New listings (latest month) | 19 |
| Listings with a price cut | 36.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in North Merritt Island by property type?
How the North Merritt Island, 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 | $585,600 | $234/sq ft | 19 | 87 days |
| Condo / Co-op | $305,000 | $189/sq ft | 1 | 433 days |
Source: Redfin · Updated monthly
The North Merritt Island housing market is currently classified as a balanced market with a median sale price of $585,600. Prices have fallen 2.5% compared to last year, with homes spending an average of 87 days on market, indicating 2.6 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 49 homes listed for sale in North Merritt Island, Florida. The median listing price is $589K.
Active listings
49
Homes on market
Median list price
$589K
Avg. days on market
87
Days until sale
New this week
19
Newly listed
Who lives in North Merritt Island?
Population
8,903
Median income
$113,897/yr
Median age
52.4 years
Owner-occupied
86.2%
College grads
37.0%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What is it like to live in North Merritt Island?
North Merritt Island is a community of approximately 9K residents with a median age of 52.4 years.The median household income is $113,897, which reflects a relatively affluent area with strong earning potential. 37.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, North Merritt Island offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near North Merritt Island, FL?
Want a head-to-head view? Compare North Merritt Island side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in North Merritt Island?
The median home sale price in North Merritt Island is $585,600, down 2.5% from last year.
How long do homes stay on market in North Merritt Island?
Homes typically spend 87 days on market before going under contract.
What is the median income in North Merritt Island?
The median household income is $113,897 per year.
Is North Merritt Island a buyer's or seller's market?
With 2.6 months of supply, North Merritt Island is currently a balanced market.
What is the median condo price in North Merritt Island?
The median condo/co-op sale price in North Merritt Island, FL is $305,000, compared to $585,600 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in North Merritt Island?
The median single-family home price in North Merritt Island, FL is $585,600 (about $234 per square foot).
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