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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

$792,735

AVERAGE PRICE OF 433 HOMES

$421,633

AVERAGE PRICE OF 3 DISTRESSED HOMES

$2,484,136

AVERAGE PRICE OF 69 MULTI-MILLION DOLLAR HOMES

$1,058,000

AVERAGE PRICE OF 17 NEWLY BUILT HOMES

$791,636

AVERAGE PRICE OF 194 HOMES WITH A POOL

$677,870

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $792,735
Avg Bedrooms 2.7 beds
Avg Bathrooms 2.06 baths

Average Price by Bedrooms

1 bedroom $347,130
2 bedrooms $289,427
3 bedrooms $531,173
4 bedrooms $790,509
5 bedrooms $1,710,233
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 387 $654,790 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 433 $792,735 63 days
Distressed Homes 3 $421,633 49 days
Multi-Million Dollar Homes 69 $2,484,136 70 days
Newly Built Homes 17 $1,058,000 66 days
Homes with a Pool 194 $791,636 58 days
Reduced Price Homes 29 $677,870 65 days