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Featured local agent — West Melbourne, FL
Sarah Mitchell
Compass Real Estate · West Melbourne, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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West Melbourne, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$422,500median sale price
How is the West Melbourne, FL housing market right now?
The median home sale price in West Melbourne, FL is $422,500, down 11.1% year-over-year. Homes sell in an average of 61 days with 148 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 West Melbourne a buyer's or seller's market?
West Melbourne, FL is currently a leaning buyer's, based on 4.4 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
34
Last 12 weeks
Days on market
61
Average pace
Active listings
148
4.4 months supply
Sale-to-list
98.0%
Below asking
What does the West Melbourne housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $422,500 |
| Median list price | $432,500 |
| Year-over-year price change | -11.1% |
| Average days on market | 61 days |
| Active inventory | 148 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 98.0% |
| Median price per sq ft | $207/sq ft |
| Homes sold (latest month) | 34 |
| New listings (latest month) | 52 |
| Listings with a price cut | 32.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in West Melbourne by property type?
How the West 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 | $439,995 | $210/sq ft | 30 | 69 days |
| Condo / Co-op | $261,500 | $166/sq ft | 2 | 10 days |
| Townhouse | $300,140 | $177/sq ft | 2 | 11 days |
Source: Redfin · Updated monthly
The West Melbourne housing market is currently classified as a leaning buyer's with a median sale price of $422,500. Prices have fallen 11.1% compared to last year, with homes spending an average of 61 days on market, indicating 4.4 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 4.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in West Melbourne
There are currently 148 homes listed for sale in West Melbourne, Florida. The median listing price is $433K.
Active listings
148
Homes on market
Median list price
$433K
Avg. days on market
61
Days until sale
New this week
52
Newly listed
Who lives in West Melbourne?
Population
27,643
Median income
$90,521/yr
Median age
40.2 years
Owner-occupied
74.9%
College grads
40.4%
Avg commute
23.1 min
Source: U.S. Census Bureau ACS
What are homes worth in West Melbourne?
Zillow home value
$374,036
Zillow rent index
$1,912/mo
Price-to-rent ratio
16.3x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in West Melbourne?
West Melbourne is a community of approximately 28K residents with a median age of 40.2 years.The median household income is $90,521, which reflects a relatively affluent area with strong earning potential. 40.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, West Melbourne offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve West Melbourne?
7 schools tracked · 4,610 students
The largest public schools serving West 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.
CENTRAL MIDDLE SCHOOL
Grades 7-8 · 1,060 students
PINEAPPLE COVE CLASSICAL ACADEMY AT WEST MELBOURNE
Grades K-9 · 799 students
MEADOWLANE INTERMEDIATE ELEMENTARY SCHOOL
Grades 3-6 · 797 students
MEADOWLANE PRIMARY ELEMENTARY SCHOOL
Grades PK-2 · 655 students
IMAGINE SCHOOLS AT WEST MELBOURNE
Grades K-6 · 617 students
W. MELBOURNE ELEMENTARY SCHOOL FOR SCIENCE
Grades PK-6 · 550 students
EDUCATIONAL HORIZONS CHARTER
Grades K-6 · 132 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 West Melbourne, FL?
Want a head-to-head view? Compare West Melbourne side-by-side with any other U.S. city using our market-comparison tool.
Is West Melbourne a good real estate investment market?
For investors evaluating West Melbourne, the price-to-rent ratio of 16.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 11.1% 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 West Melbourne's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using West Melbourne's median home price.
Frequently asked questions
What is the average home price in West Melbourne?
The median home sale price in West Melbourne is $422,500, down 11.1% from last year.
How long do homes stay on market in West Melbourne?
Homes typically spend 61 days on market before going under contract.
What is the median income in West Melbourne?
The median household income is $90,521 per year.
Is West Melbourne a buyer's or seller's market?
With 4.4 months of supply, West Melbourne is currently a leaning buyer's.
What is the Zillow home value estimate for West Melbourne?
The Zillow Home Value Index (ZHVI) for West Melbourne is $374,036, representing the typical home value in the area.
What is the median condo price in West Melbourne?
The median condo/co-op sale price in West Melbourne, FL is $261,500, compared to $439,995 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in West Melbourne?
The median single-family home price in West Melbourne, FL is $439,995 (about $210 per square foot).
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