In May 2024, Merritt Island, FL homes were selling for an average price of $562,080, Merritt Island, FL homes on average sell after 54 days on the market compared to 39 days last year. There were 142 homes sold in Merritt Island, FL for May 2024, compared to 126 last year.
The average list price of Merritt Island, FL, was $738,732 in May 2024, compared to $700,171 in May 2023.
Merritt Island, FL Market Trend for Houses
Average List Price
The average list price of houses in Merritt Island, FL, was $864,110 in May 2024, compared to $858,967 in May 2023.
Merritt Island, FL Market Trend for Condos / Townhouses / Penthouses
Average List Price
The average list price of condos/co-ops in Merritt Island, FL, was $259,950 in May 2024, compared to $363,350 in May 2023.
Merritt Island, FL Market Trend for Lots/Land
Average List Price
The average list price of lots/land in Merritt Island, FL, was $615,000 in May 2024, compared to $367,557 in May 2023.
Merritt Island, FL Market Trend for Commercial
Average List Price
The average list price of commercial in Merritt Island, FL, was $179,925 in May 2024, compared to $925,000 in May 2023.
Merritt Island, FL Housing Market Analysis
The average list price in Merritt Island, FL is $738,732. The average list price in Merritt Island, FL went up 15.21% from 2023 to 2024. Merritt Island, FL home resale inventories is 52, which increased 36.84% since 2023. The average list price per square foot in Merritt Island, FL is $309. 2023 it was $261.
