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Real Estate Market Trends and Analytics in Merritt Island, FL

In May 2025, Merritt Island, FL homes were selling for an average price of $547,133, Merritt Island, FL homes on average sell after 71 days on the market compared to 53 days last year. There were 106 homes sold in Merritt Island, FL for May 2025, compared to 137 last year.
View all properties for sale in Merritt Island, FL

Merritt Island, FL Market Trend

Average List Price
The average list price of Merritt Island, FL, was $746,349 in May 2025, compared to $685,703 in May 2024.

Merritt Island, FL Market Trend for Houses

Average List Price
The average list price of houses in Merritt Island, FL, was $809,505 in May 2025, compared to $708,895 in May 2024.

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 $562,136 in May 2025, compared to $660,564 in May 2024.

Merritt Island, FL Market Trend for Lots/Land

Average List Price
The average list price of lots/land in Merritt Island, FL, was $1,450,000 in May 2025, compared to $987,500 in May 2024.

Merritt Island, FL Market Trend for Commercial

Average List Price
The average list price of commercial in Merritt Island, FL, was $865,000 in May 2025, compared to $149,950 in May 2024.

Merritt Island, FL Housing Market Analysis

The average list price in Merritt Island, FL is $746,349. The average list price in Merritt Island, FL went up 8.92% from 2024 to 2025. Merritt Island, FL home resale inventories is 75, which increased 97.37% since 2024. The average list price per square foot in Merritt Island, FL is $400. 2024 it was $323.
75
for sale
3
for rent
677
sold
Price Range
$139K - $4.0M
Avg. SQFT Price
$400
SF Range
600 - 5,240 SF
Beds
1 - 6
Avg. Dom
160 days
Year Built
1957 - 2024

Properties in Merritt Island, FL

280 PALM BLVD, Merritt Island FL 32952 placeholder 280 PALM BLVD, Merritt Island FL 32952
1 days
For Sale
House
$271,000
3 bds 2 ba 1,100 sqft
280 PALM BLVD, Merritt Island FL 32952
1340 LESTER COURT placeholder 1340 LESTER COURT
2 days
For Sale
House
$388,600
3 bds 2 ba 1,346 sqft
1340 LESTER COURT
295 CHERRY AVENUE placeholder 295 CHERRY AVENUE
5 days
For Sale
House
$369,999
3 bds 2 ba 1,180 sqft
295 CHERRY AVENUE
955 RICHLAND AVENUE placeholder 955 RICHLAND AVENUE
-$19K (2025/05/20)
For Sale
House
$470,000
3 bds 2 ba 1,482 sqft
955 RICHLAND AVENUE
4220 SAVANNAHS TRAIL placeholder 4220 SAVANNAHS TRAIL
-$10K (2025/05/16)
For Sale
House
$574,900
4 bds 2 ba 2,194 sqft
4220 SAVANNAHS TRAIL
1325 NEWFOUND HARBOR DR placeholder 1325 NEWFOUND HARBOR DR
19 days
For Sale
House
$1,590,000
5 bds 4 ba 2,802 sqft
1325 NEWFOUND HARBOR DR
404 4TH STREET placeholder 404 4TH STREET
19 days
For Sale
House
$249,500
2 bds 1 ba 864 sqft
404 4TH STREET
300 S SYKES CREEK PARKWAY UNIT 306 placeholder 300 S SYKES CREEK PARKWAY UNIT 306
-$10K (2025/05/19)
For Sale
Condo/Co-op
$405,000
3 bds 2 ba 1,909 sqft
300 S SYKES CREEK PARKWAY UNIT 306

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