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Melbourne

Melbourne Market Report

$426,319

AVERAGE PRICE OF 495 HOMES

$363,369

AVERAGE PRICE OF 8 DISTRESSED HOMES

$1,395,988

AVERAGE PRICE OF 17 MULTI-MILLION DOLLAR HOMES

$519,490

AVERAGE PRICE OF 186 NEWLY BUILT HOMES

$524,629

AVERAGE PRICE OF 154 HOMES WITH A POOL

$464,517

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $426,319
Avg Bedrooms 3.41 beds
Avg Bathrooms 2.5 baths

Average Price by Bedrooms

1 bedroom $117,660
2 bedrooms $223,102
3 bedrooms $366,813
4 bedrooms $517,832
5 bedrooms $637,499
Melbourne Home Price Trends
  7/2020 6/2020 5/2020 4/2020 3/2020
Total Listings 516 585 679 690 672
Average Price $415,917 $396,603 $392,005 $388,429 $384,420
Avg Price Change +4.87% +1.17% +0.92% +1.04% +1.36%
Median Price $342,872 $331,192 $331,412 $330,246 $328,567
Med Price Change +3.53% -0.07% +0.35% +0.51% +1.78%
Avg Bedrooms 3.38 beds 3.34 beds 3.33 beds 3.32 beds 3.31 beds
Avg Bathrooms 2.47 baths 2.42 baths 2.43 baths 2.42 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eau Gallie 119 $423,935 74 days
Melbourne 73 $434,095 88 days
Palm Bay 21 $223,365 54 days
Satellite 3 $297,966 71 days
Viera 272 $435,256 95 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 495 $426,319 86 days
Distressed Homes 8 $363,369 165 days
Multi-Million Dollar Homes 17 $1,395,988 63 days
Newly Built Homes 186 $519,490 118 days
Homes with a Pool 154 $524,629 74 days
Reduced Price Homes 23 $464,517 80 days

School Data

Highly Rated Melbourne Schools

9

MEADOWLANE ELEMENTARY SCHOOL
Elementary School
Public

8

DELAURA MIDDLE SCHOOL
Middle School
Public

9

INDIALANTIC ELEMENTARY SCHOOL
Middle School
Public

10

MANATEE ELEMENTARY SCHOOL
Middle School
Public

10

QUEST ELEMENTARY SCHOOL
Middle School
Public

8

ROY ALLEN ELEMENTARY SCHOOL
Middle School
Public

8

SEA PARK ELEMENTARY SCHOOL
Middle School
Public

10

SUNTREE ELEMENTARY SCHOOL
Middle School
Public

9

SATELLITE SENIOR HIGH SCHOOL
High School
Public

9

VIERA HIGH SCHOOL
High School
Public