In July 2026, the median home sale price in Merritt Island, FL was $469,000, with homes selling in an average of 92 days — slower than the 70-day average last year, suggesting buyers have more negotiating room. A total of 124 homes sold in this period, up from 113 last year — a sign of an active market.
The median list price of Merritt Island, FL, was $490,000 in July 2026, compared to $527,450 in July 2025.
Merritt Island, FL Market Trend for Houses
Median List Price
The median list price of houses in Merritt Island, FL, was $599,900 in July 2026, compared to $527,450 in July 2025.
Merritt Island, FL Market Trend for Condos / Townhouses / Penthouses
Median List Price
The median list price of condos/co-ops in Merritt Island, FL, was $219,000 in July 2026, compared to $199,000 in July 2025.
Merritt Island, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Merritt Island, FL, was $550,000 in July 2026, compared to $1,799,999 in July 2025.
Merritt Island, FL Market Trend for Commercial
Median List Price
The median list price of commercial in Merritt Island, FL, was $1,103,150 in July 2026, compared to $0 in July 2025.
Merritt Island, FL Housing Market Analysis
There are currently 41 homes listed for sale in Merritt Island, FL, an increase of 28.12% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $764,924 (down 12.51% year-over-year), and the average price per square foot is $248 compared to $273 in 2025. Properties spend an average of 189 days on the market before going under contract.
