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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

$815,791

AVERAGE PRICE OF 397 HOMES

$852,100

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,416,100

AVERAGE PRICE OF 68 MULTI-MILLION DOLLAR HOMES

$1,007,688

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$978,757

AVERAGE PRICE OF 131 HOMES WITH A POOL

$657,488

AVERAGE PRICE OF 18 REDUCED PRICE HOMES

Average Home

Average Price $815,791
Avg Bedrooms 2.76 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $364,675
2 bedrooms $386,513
3 bedrooms $558,282
4 bedrooms $781,275
5 bedrooms $1,917,830
Merritt Island Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 376 373 376 390 399
Average Price $792,359 $768,289 $719,938 $717,208 $736,592
Avg Price Change +3.13% +6.72% +0.38% -2.70% -0.97%
Median Price $553,042 $540,160 $515,474 $516,792 $524,405
Med Price Change +2.38% +4.79% -0.26% -1.47% +0.79%
Avg Bedrooms 2.78 beds 2.75 beds 2.74 beds 2.72 beds 2.73 beds
Avg Bathrooms 2.16 baths 2.12 baths 2.1 baths 2.07 baths 2.09 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 358 $700,678 102 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 397 $815,791 110 days
Distressed Homes 4 $852,100 66 days
Multi-Million Dollar Homes 68 $2,416,100 122 days
Newly Built Homes 30 $1,007,688 135 days
Homes with a Pool 131 $978,757 89 days
Reduced Price Homes 18 $657,488 76 days