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 $342K last month, up 8.0% 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 8.0% compared to last year, selling for a median price of $342K. On average, homes in Melbourne sell after 50 days on the market compared to 51 days last year. There were 146 homes sold in April this year, up 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 50 days.
- Hot homescan sell for around list price and go pending in around 19 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 68 days.
- Hot homescan sell for around list price and go pending in around 28 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 58 days.
- Hot homescan sell for around list price and go pending in around 28 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
- $585,535 Last Sold Price3 beds3 baths2,087 sq ft3129 Pangea Cir, Melbourne, FL 32940List Price$585,535Sale to List0% over listDays on Market0 days3129 Pangea Cir, Melbourne, FL 32940
- $130,000 Last Sold Price1 bed1 bath620 sq ft598 N Wickham Rd #75, Melbourne, FL 32935List Price$135,000Sale to List4% under listDays on Market42 days598 N Wickham Rd #75, Melbourne, FL 32935
- $270,000 Last Sold Price2 beds2 baths900 sq ft1999 Island Club Dr #17, Indialantic, FL 32903Redfin Corp.List Price$280,000Sale to List4% under listDays on Market39 days1999 Island Club Dr #17, Indialantic, FL 32903
- $435,000 Last Sold Price3 beds2 baths1,889 sq ft3324 Gurrero Dr, Melbourne, FL 32940List Price$445,000Sale to List2% under listDays on Market28 days3324 Gurrero Dr, Melbourne, FL 32940
- $630,420 Last Sold Price3 beds3.5 baths2,420 sq ft2228 Pangea Cir, Melbourne, FL 32940List Price$630,420Sale to List0% over listDays on Market0 days2228 Pangea Cir, Melbourne, FL 32940
- $290,000 Last Sold Price2 beds2 baths1,314 sq ft2456 Colony Dr, Melbourne, FL 32935List Price$290,000Sale to List0% over listDays on Market168 days2456 Colony Dr, Melbourne, FL 32935
- $120,000 Last Sold Price2 beds2 baths1,053 sq ft3210 N Harbor City Blvd #316, Melbourne, FL 32935List Price$120,000Sale to List0% over listDays on Market38 days3210 N Harbor City Blvd #316, Melbourne, FL 32935
- $527,050 Last Sold Price4 beds2.5 baths2,181 sq ft1268 Foxridge Pl, Melbourne, FL 32940List Price$535,000Sale to List1% under listDays on Market73 days1268 Foxridge Pl, Melbourne, FL 32940
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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