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 $219, up 0.9% 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 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 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 56 days.
- Hot homescan sell for around list price and go pending in around 29 days.
Melbourne Migration & Relocation Trends
- Across the nation, 0.40% 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.
- 60% 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 | Mar '24 - May '24 | ||
1 | 597 | ||
2 | 584 | ||
3 | 314 | ||
4 | 236 | ||
5 | 142 | ||
6 | 136 | ||
7 | 124 | ||
8 | 96 | ||
9 | 93 | ||
10 | 75 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 22 | ||
2 | 16 | ||
3 | 9 | ||
4 | 7 | ||
5 | 6 | ||
6 | 5 | ||
7 | 5 | ||
8 | 5 | ||
9 | 4 | ||
10 | 4 |
Home offer insights for Melbourne
Recent offers
View houses in Melbourne that sold recently
Recently sold homes
- $435,000 Last Sold Price3 beds2 baths1,895 sq ft1378 York Cir, Melbourne, FL 32904List Price$435,000Sale to List0% over listDays on Market46 days1378 York Cir, Melbourne, FL 32904
- $205,000 Last Sold Price2 beds2 baths1,157 sq ft6411 Borasco Dr #314, Melbourne, FL 32940List Price$215,000Sale to List5% under listDays on Market305 days6411 Borasco Dr #314, Melbourne, FL 32940
- $382,500 Last Sold Price3 beds2 baths2,011 sq ft1031 Indian Oaks Dr, Melbourne, FL 32901List Price$392,000Sale to List2% under listDays on Market97 days1031 Indian Oaks Dr, Melbourne, FL 32901
- $264,700 Last Sold Price3 beds2 baths1,256 sq ft7667 N Wickham Rd #916, Melbourne, FL 32940List Price$264,700Sale to List0% over listDays on Market229 days7667 N Wickham Rd #916, Melbourne, FL 32940
- $426,985 Last Sold Price3 beds2 baths1,481 sq ft3058 Avalonia Dr, Melbourne, FL 32940List Price$428,515Sale to List0% under listDays on Market284 days3058 Avalonia Dr, Melbourne, FL 32940
- $1,177,500 Last Sold Price6 beds3.5 baths4,801 sq ft3877 Province Dr, Melbourne, FL 32934List Price$1,190,000Sale to List1% under listDays on Market141 days3877 Province Dr, Melbourne, FL 32934
- $175,000 Last Sold Price2 beds2 baths1,058 sq ft3150 N Harbor City Blvd #234, Melbourne, FL 32935List Price$179,000Sale to List2% under listDays on Market132 days3150 N Harbor City Blvd #234, Melbourne, FL 32935
- $265,000 Last Sold Price3 beds1 bath971 sq ft520 Palmetto Ave, Melbourne, FL 32901List Price$279,900Sale to List5% under listDays on Market63 days520 Palmetto Ave, Melbourne, FL 32901
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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