Merritt Island, FL Home Values & Market Trends
Real estate market trends reflect that there have been 1,165 transactions over the past year in Merritt Island. The median value for residential home transactions that occurred over the previous year is $510,751. The number of current listings in Merritt Island is 1,124, and the percentage of properties for sale in the city is 1124.00%. Merritt Island, FL currently has 79 properties in foreclosure, 5 bank owned properties, 7 properties headed for auction, and 1,124 properties for sale.
Merritt Island, FL Real Estate Market Overview
Housing Market Summary for Merritt Island, FL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $525K | $550K | 4.76% |
| Median Sold Price | $437.4K | $425K | -2.83% |
| Homes For Sale | 771 | 1,122 | 45.53% |
| Homes Sold | 532 | 420 | -21.05% |
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 $35,938 to $5,900,000. The median estimated value of a home in Merritt Island is $510,751. The median list price of a home is 550,000, and the total count of properties in the city is 1,689.
- Pre-ForeclosurePre-foreclosure homes account for 3.97% of all residential properties in Merritt Island, FL with 32953 containing 37 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 $1,403,328 in 32952 to the lowest home value of $130,090 in 32953.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Merritt Island, FL ranges from the highest value of $525,000 in 32952 to the lowest value of $106,686 in 32953. Bank owned homes and properties account for 0.30% of properties in Merritt Island, FL. There are 2 zips within Merritt Island, FL; 32953 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions32952 has 5 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 0.41% 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 $2,199,000 in 32952 to the lowest value of $289,000 in 32952.
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Guide for Merritt Island, FL
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.
