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Karen Steil
321-704-5992

Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$674,027

AVERAGE PRICE OF 256 HOMES

$399,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,962,794

AVERAGE PRICE OF 32 MULTI-MILLION DOLLAR HOMES

$934,097

AVERAGE PRICE OF 25 NEWLY BUILT HOMES

$773,380

AVERAGE PRICE OF 138 HOMES WITH A POOL

$684,349

AVERAGE PRICE OF 24 REDUCED PRICE HOMES

Average Home

Average Price $674,027
Avg Bedrooms 3.29 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $1,113,200
2 bedrooms $410,173
3 bedrooms $572,314
4 bedrooms $758,741
5 bedrooms $1,342,618
Merritt Island Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 231 226 230 239 233
Average Price $654,982 $656,469 $673,655 $704,492 $712,466
Avg Price Change -0.23% -2.62% -4.58% -1.13% +1.16%
Median Price $528,680 $519,210 $541,138 $541,970 $536,953
Med Price Change +1.82% -4.22% -0.15% +0.93% +3.18%
Avg Bedrooms 3.26 beds 3.21 beds 3.29 beds 3.31 beds 3.23 beds
Avg Bathrooms 2.17 baths 2.2 baths 2.24 baths 2.29 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 244 $598,342 83 days
Satellite 11 $2,383,318 138 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 256 $674,027 85 days
Distressed Homes 1 $399,000 173 days
Multi-Million Dollar Homes 32 $1,962,794 116 days
Newly Built Homes 25 $934,097 191 days
Homes with a Pool 138 $773,380 90 days
Reduced Price Homes 24 $684,349 66 days

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