Merritt Island, FL Housing Market
The Merritt Island housing market is somewhat competitive. The median sale price of a home in Merritt Island was $420K last month, up 13.5% since last year. The median sale price per square foot in Merritt Island is $247, down 0.8% since last year.
Merritt Island Housing Market Trends
In April 2024, Merritt Island home prices were up 13.5% compared to last year, selling for a median price of $420K. On average, homes in Merritt Island sell after 60 days on the market compared to 67 days last year. There were 62 homes sold in April this year, up from 61 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Merritt Island 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 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.
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
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 77 days.
- Hot homescan sell for about 1% below list price and go pending in around 28 days.
Merritt Island Migration & Relocation Trends
- Across the nation, 0.39% of homebuyers searched to move into Merritt Island from outside metros.
- Miami homebuyers searched to move into Merritt Island more than any other metro followed by Orlando and New York.
- 59% of Merritt Island homebuyers searched to stay within the Merritt Island metropolitan area.
- Asheville was the most popular destination among Merritt Island 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 |
Home offer insights for Merritt Island
Recent offers
View houses in Merritt Island that sold recently
Recently sold homes
- $826,900 Last Sold Price5 beds3 baths2,320 sq ft975 Goldenrod St, Merritt Island, FL 32952List Price$829,900Sale to List0% under listDays on Market46 days975 Goldenrod St, Merritt Island, FL 32952
- $635,000 Last Sold Price4 beds3 baths2,584 sq ft2150 S Courtenay Pkwy, Merritt Island, FL 32952List Price$634,900Sale to List0% over listDays on Market104 days2150 S Courtenay Pkwy, Merritt Island, FL 32952
- $700,000 Last Sold Price4 beds3 baths2,495 sq ft696 Millwheel Dr, Merritt Island, FL 32952List Price$699,000Sale to List0% over listDays on Market36 days696 Millwheel Dr, Merritt Island, FL 32952
- $130,000 Last Sold Price1 bed1 bath631 sq ft250 N Banana River Dr Unit E-1, Merritt Island, FL 32952List Price$130,000Sale to List0% over listDays on Market145 days250 N Banana River Dr Unit E-1, Merritt Island, FL 32952
- $545,000 Last Sold Price4 beds2.5 baths1,961 sq ft1640 Pluto St, Merritt Island, FL 32953List Price$550,000Sale to List1% under listDays on Market44 days1640 Pluto St, Merritt Island, FL 32953
- $525,000 Last Sold Price3 beds2.5 baths2,043 sq ft1525 Stafford Ave, Merritt Island, FL 32952List Price$510,000Sale to List3% over listDays on Market24 days1525 Stafford Ave, Merritt Island, FL 32952
- $260,000 Last Sold Price3 beds2 baths1,389 sq ft175 Grant Rd, Merritt Island, FL 32953List Price$300,000Sale to List13% under listDays on Market79 days175 Grant Rd, Merritt Island, FL 32953
- $227,000 Last Sold Price3 beds2 baths1,287 sq ft225 S Tropical Trl #801, Merritt Island, FL 32952List Price$234,900Sale to List3% under listDays on Market159 days225 S Tropical Trl #801, Merritt Island, FL 32952
See all recently sold homes in Merritt Island.
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Schools in Merritt Island
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Robert L. Stevenson Elementary School Public • K-6 | 487 Students | 13 reviews |
10/10 Freedom 7 Elementary School of International Studies Public • K-6 | 395 Students | 10 reviews |
9/10 Longleaf Elementary School Public • PreK-6 | 568 Students | 9 reviews |
9/10 Lewis Carroll Elementary School Public • PreK-6 | 592 Students | 15 reviews |
9/10 Suntree Elementary School Public • PreK-6 | 594 Students | 9 reviews |
Climate's impact on Merritt Island housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Merritt Island.
Flood Factor - Extreme
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Extreme
Wind Factor
Wind likelihood over time
Heat Factor - Extreme
Heat Factor
Transportation in Merritt Island
Walk Score®
Bike Score®
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