In August 2026, the median home sale price in Merritt Island, FL was $465,000, with homes selling in an average of 86 days — slower than the 74-day average last year, suggesting buyers have more negotiating room. A total of 127 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 $474,500 in August 2026, compared to $555,000 in August 2025.
Merritt Island, FL Market Trend for Houses
Median List Price
The median list price of houses in Merritt Island, FL, was $617,450 in August 2026, compared to $629,900 in August 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 $199,000 in August 2026, compared to $259,900 in August 2025.
Merritt Island, FL Market Trend for Lots/Land
Median List Price
The median list price of lots/land in Merritt Island, FL, was $404,950 in August 2026, compared to $1,799,999 in August 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 August 2026, compared to $0 in August 2025.
Merritt Island, FL Housing Market Analysis
There are currently 40 homes listed for sale in Merritt Island, FL, an increase of 29.03% compared to 2025. With inventory tight relative to sales volume, sellers are in a strong position. The median asking price is $763,572 (down 15.63% year-over-year), and the average price per square foot is $236 compared to $270 in 2025. Properties spend an average of 190 days on the market before going under contract.
