Melbourne, FL Housing Market
The Melbourne housing market is somewhat competitive. Homes in Melbourne receive 2 offers on average and sell in around 50 days. The median sale price of a home in Melbourne was $335K last month, up 5.7% since last year. The median sale price per square foot in Melbourne is $229, up 8.5% since last year.
Melbourne Housing Market Trends
In April 2024, Melbourne home prices were up 5.7% compared to last year, selling for a median price of $335K. On average, homes in Melbourne sell after 50 days on the market compared to 51 days last year. There were 139 homes sold in April this year, down from 145 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Melbourne housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 49 days.
- Hot homescan sell for around list price and go pending in around 17 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 69 days.
- Hot homescan sell for around list price and go pending in around 27 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 57 days.
- Hot homescan sell for around list price and go pending in around 30 days.
Melbourne Migration & Relocation Trends
- Across the nation, 0.39% of homebuyers searched to move into Melbourne from outside metros.
- Miami homebuyers searched to move into Melbourne more than any other metro followed by Orlando and New York.
- 59% of Melbourne homebuyers searched to stay within the Melbourne metropolitan area.
- Asheville was the most popular destination among Melbourne homebuyers followed by Greenville and Knoxville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 554 | ||
2 | 537 | ||
3 | 308 | ||
4 | 238 | ||
5 | 155 | ||
6 | 142 | ||
7 | 135 | ||
8 | 99 | ||
9 | 88 | ||
10 | 78 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 25 | ||
2 | 19 | ||
3 | 12 | ||
4 | 12 | ||
5 | 8 | ||
6 | 7 | ||
7 | 7 | ||
8 | 6 | ||
9 | 6 | ||
10 | 5 |
View houses in Melbourne that sold recently
Recently sold homes
- $385,000 Last Sold Price3 beds2 baths1,632 sq ft1412 Casa Rd, Melbourne, FL 32940List Price$385,000Sale to List0% over listDays on Market34 days1412 Casa Rd, Melbourne, FL 32940
- $690,000 Last Sold Price5 beds4 baths2,722 sq ft5780 Mascaro Ct, Melbourne, FL 32940List Price$729,000Sale to List5% under listDays on Market88 days5780 Mascaro Ct, Melbourne, FL 32940
- $491,500 Last Sold Price4 beds2 baths2,022 sq ft520 Ponderosa St, Melbourne, FL 32904List Price$535,000Sale to List8% under listDays on Market123 days520 Ponderosa St, Melbourne, FL 32904
- $275,000 Last Sold Price3 beds2.5 baths1,548 sq ft2555 Revolution St #104, Melbourne, FL 32935List Price$300,000Sale to List8% under listDays on Market102 days2555 Revolution St #104, Melbourne, FL 32935
- $375,000 Last Sold Price4 beds2 baths1,853 sq ft2237 Royal Poinciana Blvd, Melbourne, FL 32935List Price$375,000Sale to List0% over listDays on Market60 days2237 Royal Poinciana Blvd, Melbourne, FL 32935
- $620,000 Last Sold Price4 beds2 baths2,483 sq ft2830 Pennsylvania St, Melbourne, FL 32904List Price$650,000Sale to List5% under listDays on Market63 days2830 Pennsylvania St, Melbourne, FL 32904
- $365,000 Last Sold Price3 beds2 baths1,732 sq ft361 Shell Cove Dr, Melbourne, FL 32940List Price$380,000Sale to List4% under listDays on Market54 days361 Shell Cove Dr, Melbourne, FL 32940
- $255,000 Last Sold Price3 beds2 baths1,382 sq ft1584 Dandelion Dr, Melbourne, FL 32935List Price$265,000Sale to List4% under listDays on Market46 days1584 Dandelion Dr, Melbourne, FL 32935
See all recently sold homes in Melbourne.
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Schools in Melbourne
- Elementary
- Middle
- High
GreatSchools Rating
10/10 W. Melbourne Elementary School For Science Public • PreK-6 | 527 Students | 11 reviews |
10/10 Ocean Breeze Elementary School Public • PreK-6 | 508 Students | 6 reviews |
9/10 Surfside Elementary School Public • PreK-6 | 438 Students | 8 reviews |
9/10 Longleaf Elementary School Public • PreK-6 | 568 Students | 9 reviews |
9/10 Spessard L. Holland Elementary School Public • PreK-6 | 410 Students | 10 reviews |
Climate's impact on Melbourne housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Melbourne.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Extreme
Wind Factor
Wind likelihood over time
Heat Factor - Extreme
Heat Factor
Transportation in Melbourne
Walk Score®
Transit Score®
Bike Score®
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