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Kelly Hamilton
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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

$779,655

AVERAGE PRICE OF 504 HOMES

$663,966

AVERAGE PRICE OF 6 DISTRESSED HOMES

$2,321,161

AVERAGE PRICE OF 81 MULTI-MILLION DOLLAR HOMES

$1,172,121

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$955,786

AVERAGE PRICE OF 175 HOMES WITH A POOL

$550,739

AVERAGE PRICE OF 41 REDUCED PRICE HOMES

Average Home

Average Price $779,655
Avg Bedrooms 2.86 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $481,271
2 bedrooms $407,441
3 bedrooms $558,333
4 bedrooms $758,332
5 bedrooms $1,631,072
Merritt Island Home Price Trends
  4/2025 3/2025 2/2025 1/2025 12/2024
Total Listings 495 454 409 376 373
Average Price $766,698 $773,366 $807,356 $792,359 $768,289
Avg Price Change -0.87% -4.40% +1.89% +3.13% +6.72%
Median Price $526,279 $516,544 $533,723 $553,042 $540,160
Med Price Change +1.88% -3.33% -3.62% +2.38% +4.79%
Avg Bedrooms 2.83 beds 2.78 beds 2.79 beds 2.78 beds 2.75 beds
Avg Bathrooms 2.15 baths 2.14 baths 2.19 baths 2.16 baths 2.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 460 $697,662 101 days
Total Homes Average Price Avg Days on Site
All Homes 504 $779,655 110 days
Distressed Homes 6 $663,966 93 days
Multi-Million Dollar Homes 81 $2,321,161 139 days
Newly Built Homes 32 $1,172,121 155 days
Homes with a Pool 175 $955,786 78 days
Reduced Price Homes 41 $550,739 100 days

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