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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

$797,959

AVERAGE PRICE OF 433 HOMES

$421,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,440,213

AVERAGE PRICE OF 72 MULTI-MILLION DOLLAR HOMES

$1,014,051

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$800,058

AVERAGE PRICE OF 197 HOMES WITH A POOL

$569,896

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $797,959
Avg Bedrooms 2.68 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $327,685
2 bedrooms $302,361
3 bedrooms $540,747
4 bedrooms $795,829
5 bedrooms $1,716,820
Merritt Island Home Price Trends
  3/2024 2/2024 1/2024 12/2023 11/2023
Total Listings 408 408 403 388 n/a
Average Price $811,308 $790,942 $781,076 $782,254 n/a
Avg Price Change +2.57% +1.26% -0.15% n/a n/a
Median Price $548,240 $531,304 $523,741 $531,175 n/a
Med Price Change +3.19% +1.44% -1.42% n/a n/a
Avg Bedrooms 2.68 beds 2.58 beds 2.55 beds 2.52 beds n/a
Avg Bathrooms 2.05 baths 2.01 baths 1.97 baths 1.7 baths n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 386 $658,474 62 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 433 $797,959 64 days
Distressed Homes 3 $421,633 56 days
Multi-Million Dollar Homes 72 $2,440,213 74 days
Newly Built Homes 19 $1,014,051 61 days
Homes with a Pool 197 $800,058 59 days
Reduced Price Homes 29 $569,896 60 days