Merritt Island, FL Home Values & Market Trends
Real estate market trends reflect that there have been 906 transactions over the past year in Merritt Island. The median value for residential home transactions that occurred over the previous year is $449,638.21. The number of current listings in Merritt Island is 126, and the percentage of properties for sale in the city is 126.00%. Merritt Island, FL currently has 101 properties in foreclosure, 2 bank owned properties, 5 properties headed for auction, and 126 properties for sale.
Merritt Island, FL Real Estate Market Overview
Housing Market Summary for Merritt Island, FL
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $549.3K | $405.9K | -26.11% |
Median Sold Price | $463.5K | $405.9K | -12.44% |
Homes For Sale | 140 | 132 | -5.71% |
Homes Sold | 595 | 584 | -1.85% |
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 Merritt Island, FL
Browse Homes in Merritt Island, FL
Merritt Island home values range from $29,362 to $11,502,054. The median estimated value of a home in Merritt Island is $449,638.21. The median list price of a home is 472,000, and the total count of properties in the city is 18,469.
- Pre-ForeclosurePre-foreclosure homes account for 0.51% of all residential properties in Merritt Island, FL with 32953 containing 52 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Merritt Island, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $885,031 in 32952 to the lowest home value of $141,320 in 32953.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Merritt Island, FL ranges from the highest value of $304,900 in 32952 to the lowest value of $161,964 in 32952. Bank owned homes and properties account for 0.01% of properties in Merritt Island, FL. There are 2 zips within Merritt Island, FL; 32952 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions32953 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Merritt Island, FL. Auction homes and other auction properties account for 0.03% of all properties in Merritt Island, FL. There are 2 zips within Merritt Island, FL; of those zips, the median estimated home value for homes going to auction ranges from $573,936 in 32953 to the lowest value of $183,340 in 32953.
Compare Nearby Cities
More Real Estate Resources for Merritt Island, FL
Guide for Merritt Island, FL
The blog post discusses the fluctuating real estate market in Montgomery, Alabama, comparing its property values, cost per square foot, and market activity with neighboring cities, revealing the dynamic nature of regional real estate.
An analysis of the Tallahassee real estate market from April 2023 to March 2024 shows fluctuating property values and sale prices, yet consistently strong market activity, indicating a healthy and dynamic property landscape.
The Hialeah real estate market has displayed a significant upward trajectory from March 2023 to February 2024. This growth, accompanied by a strong demand and investor interest, highlights Hialeah’s economic stability and the persistent appeal of its real estate market, making it favorable for both homebuyers and investors.
This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.