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 $254, down 2.9% 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 56 days.
- Hot homescan sell for around list price and go pending in around 29 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 5% below list price and go pending in around 75 days.
- Hot homescan sell for about 2% below list price and go pending in around 28 days.
Merritt Island Migration & Relocation Trends
- Across the nation, 0.40% 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.
- 60% 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 | 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 Merritt Island
Recent offers
View houses in Merritt Island that sold recently
Recently sold homes
- $1,425,000 Last Sold Price5 beds4.5 baths5,031 sq ft10 Stockton Dr, Merritt Island, FL 32952List Price$1,499,000Sale to List5% under listDays on Market243 days10 Stockton Dr, Merritt Island, FL 32952
- $1,640,000 Last Sold Price5 beds4 baths4,451 sq ft1970 Gates Rd, Merritt Island, FL 32952List Price$1,695,000Sale to List3% under listDays on Market47 days1970 Gates Rd, Merritt Island, FL 32952
- $232,000 Last Sold Price3 beds2 baths1,423 sq ft205 Tiki Dr, Merritt Island, FL 32953List Price$250,000Sale to List7% under listDays on Market76 days205 Tiki Dr, Merritt Island, FL 32953
- $1,367,500 Last Sold Price3 beds3 baths2,392 sq ft11150 S Tropical Trl, Merritt Island, FL 32952List Price$1,499,999Sale to List9% under listDays on Market88 days11150 S Tropical Trl, Merritt Island, FL 32952
- $139,900 Last Sold Price2 beds1.5 baths900 sq ft55 Needle Blvd #55, Merritt Island, FL 32953List Price$139,900Sale to List0% over listDays on Market167 days55 Needle Blvd #55, Merritt Island, FL 32953
- $515,000 Last Sold Price3 beds2 baths1,695 sq ft1415 S Banana River Dr, Merritt Island, FL 32952List Price$529,900Sale to List3% under listDays on Market84 days1415 S Banana River Dr, Merritt Island, FL 32952
- $450,000 Last Sold Price3 beds2 baths2,622 sq ft915 Koloa Dr, Merritt Island, FL 32953List Price$470,000Sale to List4% under listDays on Market82 days915 Koloa Dr, Merritt Island, FL 32953
- $180,000 Last Sold Price2 beds1 bath912 sq ft250 N Banana River Dr Unit H-1, Merritt Island, FL 32952List Price$187,000Sale to List4% under listDays on Market192 days250 N Banana River Dr Unit H-1, 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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