If you need assistance, please call 321-613-5922

Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$783,086

AVERAGE PRICE OF 496 HOMES

$379,975

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,323,195

AVERAGE PRICE OF 82 MULTI-MILLION DOLLAR HOMES

$993,076

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$967,935

AVERAGE PRICE OF 179 HOMES WITH A POOL

$645,941

AVERAGE PRICE OF 47 REDUCED PRICE HOMES

Average Home

Average Price $783,086
Avg Bedrooms 2.87 beds
Avg Bathrooms 3.27 baths

Average Price by Bedrooms

1 bedroom $390,290
2 bedrooms $352,781
3 bedrooms $574,466
4 bedrooms $804,063
5 bedrooms $1,671,844
Merritt Island Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 496 495 454 409 376
Average Price $789,882 $766,698 $773,366 $807,356 $792,359
Avg Price Change +3.02% -0.87% -4.40% +1.89% +3.13%
Median Price $532,812 $526,279 $516,544 $533,723 $553,042
Med Price Change +1.24% +1.88% -3.33% -3.62% +2.38%
Avg Bedrooms 2.87 beds 2.83 beds 2.78 beds 2.79 beds 2.78 beds
Avg Bathrooms 2.34 baths 2.15 baths 2.14 baths 2.19 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 452 $678,086 108 days
Total Homes Average Price Avg Days on Site
All Homes 496 $783,086 117 days
Distressed Homes 4 $379,975 96 days
Multi-Million Dollar Homes 82 $2,323,195 146 days
Newly Built Homes 35 $993,076 157 days
Homes with a Pool 179 $967,935 84 days
Reduced Price Homes 47 $645,941 74 days