32940 Home Values & Market Trends
There are 1,750 homes currently listed for 32940. 32940 real estate market trends show that home prices range from $135,000 to $4,750,000, and the median sales price in the 32940 zip code is $511,759. The total number of properties sold within the past twelve months is 1,713. In 32940, 96 properties are in foreclosure, 1 are bank owned properties,and 7 are headed for auction.
32940 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Melbourne | $ 406,584 $ 230/sqft |
Housing Market Summary for 32940
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $499K | $520K | 4.21% |
| Median Sold Price | $484.5K | $467.3K | -3.54% |
| Homes For Sale | 1,040 | 1,734 | 66.73% |
| Homes Sold | 680 | 511 | -24.85% |
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 32940
Browse Homes in 32940
The median list price of a home in Melbourne, is $511,759. A total of 1,750 properties are for sale, and the percentage of properties for sale in the zip code is 1750.00%. The total count of 32940 properties is 2,450.
- Pre-ForeclosurePre-foreclosure homes account for 3.59% of all residential properties in 32940 with melbourne containing 312 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 32940; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,089,091 in melbourne to the lowest home value of $66,999 in melbourne.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 32940 ranges from the highest value of $296,898 in melbourne to the lowest value of $148,216 in melbourne. Bank owned homes and properties account for 0.04% of properties in 32940. There is 1 cities within 32940; melbourne containing 7 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmelbourne has 23 auction properties, the highest number of properties going to auction in a single city in the state of 32940. Auction homes and other auction properties account for 0.29% of all properties in 32940. There is 1 cities within 32940; of that cities, the median estimated home value for homes going to auction ranges from $657,031 in melbourne to the lowest value of $150,575 in melbourne.
Compare Nearby Zip Codes
More Real Estate Resources for 32940
Guide for 32940
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.