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.
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.
