Melbourne, FL Home Values & Market Trends
Real estate market trends reflect that there have been 2,765 transactions over the past year in Melbourne. The median value for residential home transactions that occurred over the previous year is $371,432.93. The number of current listings in Melbourne is 391, and the percentage of properties for sale in the city is 391.00%. Melbourne, FL currently has 383 properties in foreclosure, 2 bank owned properties, 19 properties headed for auction, and 391 properties for sale.
Melbourne, FL Real Estate Market Overview
Housing Market Summary for Melbourne, FL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $395K | $334.3K | -15.36% |
| Median Sold Price | $368.1K | $334.3K | -9.17% |
| Homes For Sale | 377 | 383 | 1.59% |
| Homes Sold | 1,978 | 1,762 | -10.92% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Melbourne, FL
Browse Homes in Melbourne, FL
Melbourne home values range from $18,088 to $6,795,707. The median estimated value of a home in Melbourne is $371,432.93. The median list price of a home is 392,000, and the total count of properties in the city is 53,822.
- Pre-ForeclosurePre-foreclosure homes account for 0.67% of all residential properties in Melbourne, FL with 32935 containing 129 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Melbourne, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,153,842 in 32934 to the lowest home value of $71,481 in 32935.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Melbourne, FL ranges from the highest value of $150,000 in 32935 to the lowest value of $150,000 in 32904. Bank owned homes and properties account for 0.00% of properties in Melbourne, FL. There are 5 zips within Melbourne, FL; 32904 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions32935 has 8 auction properties, the highest number of properties going to auction in a single zip in the state of Melbourne, FL. Auction homes and other auction properties account for 0.04% of all properties in Melbourne, FL. There are 5 zips within Melbourne, FL; of those zips, the median estimated home value for homes going to auction ranges from $409,500 in 32934 to the lowest value of $177,009 in 32934.
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More Real Estate Resources for Melbourne, FL
Guide for Melbourne, FL
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