Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

Real Estate Market Trends and Analytics in Melbourne (32940), FL

In October 2026, the median home sale price in Melbourne (32940), FL was $492,930, with homes selling in an average of 61 days — faster than the 74-day average last year, indicating stronger demand. A total of 74 homes sold in this period, down from 96 last year.
View all properties for sale in Melbourne (32940), FL

Melbourne (32940), FL Market Trend

Median List Price
The median list price of Melbourne (32940), FL, was $524,950 in October 2026, compared to $537,450 in October 2025.

Melbourne (32940), FL Market Trend for Houses

Median List Price
The median list price of houses in Melbourne (32940), FL, was $529,900 in October 2026, compared to $568,000 in October 2025.

Melbourne (32940), FL Market Trend for Condos / Townhouses / Penthouses

Median List Price
The median list price of condos/co-ops in Melbourne (32940), FL, was $468,950 in October 2026, compared to $230,450 in October 2025.

Melbourne (32940), FL Market Trend for Lots/Land

Median List Price
The median list price of lots/land in Melbourne (32940), FL, was $2,500,000 in October 2026, compared to $0 in October 2025.

Melbourne (32940), FL Market Trend for Commercial

Median List Price
The median list price of commercial in Melbourne (32940), FL, was $0 in October 2026, compared to $0 in October 2025.

Melbourne (32940), FL Housing Market Analysis

There are currently 20 homes listed for sale in Melbourne (32940), FL, an increase of 42.86% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $668,684 (up 20.97% year-over-year), and the average price per square foot is $262 compared to $258 in 2025. Properties spend an average of 74 days on the market before going under contract.
20
for sale
2
for rent
76
sold
Median Price
$525K
Median SQFT Price
$262
SF Range
1,481 - 3,149 SF
Beds
2 - 5
Avg. Dom
74 days
Year Built
1988 - 2026
Monthly brief
Not ready to start your search?
Tell us what you're watching. Once a month, we'll send a short market brief on the neighborhoods and buildings you're tracking. No spam.

Properties in Melbourne (32940), FL

New
For Sale
$325,000
House
2 bds · 2 ba · 1,594 sqft
QUAIL RIDGE AT SUNTREE SUNTREE PUD STAGE 05 TR 49, MELBOURNE
919 RIDGE LAKE DRIVE
-$3K
For Sale
$414,240
House
3 bds · 2 ba · 1,579 sqft
DEL WEBB AT VIERA - PHASE 5B, MELBOURNE
8933 BLISSFUL BREEZE TRAIL
-$12K
For Sale
$424,120
House
2 bds · 2 ba · 1,579 sqft
DEL WEBB AT VIERA - PHASE 5B, MELBOURNE
8763 BLISSFUL BREEZE TRAIL
For Sale
$468,950
Townhouse
3 bds · 2 ba · 1,481 sqft
PANGEA PARK PHASES 3 & 4, VIERA
3371 GALERAS DRIVE
-$24K
For Sale
$775,000
House
4 bds · 3 ba · 2,684 sqft
SENDERO COVE & SIERRA COVE/ADD, MELBOURNE
2915 BLAZING STAR DRIVE
For Sale
$1,090,000
House
4 bds · 2 ba · 2,766 sqft
FAIRWAY LKS/VIERA PH 01, MELBOURNE
3020 REFUGE COURT
For Sale
$569,900
House
4 bds · 2 ba · 2,360 sqft
CYPRESS TRACE SUNTREE PUD STAGE 04, MELBOURNE
1454 CYPRESS TRACE DRIVE
For Sale
$529,900
House
5 bds · 2 ba · 2,827 sqft
SANDHILL XING/BREVARD, MELBOURNE
1535 FUJI DRIVE

Market Trends nearby