All Home Types
Melbourne, FL Housing Market
What is the housing market like in Melbourne today?
In October 2024, Melbourne home prices were up 13.0% compared to last year, selling for a median price of $317K. On average, homes in Melbourne sell after 62 days on the market compared to 49 days last year. There were 92 homes sold in October this year, up from 79 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$316,500
+13.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Melbourne, FL
$316,500
+13.0%
United States
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Melbourne Migration & Relocation Trends
In Sep '24 - Nov '24, 44% of Melbourne homebuyers searched to move out of Melbourne, while 56% looked to stay within the metropolitan area.
- Across the nation, 0.32% 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.
Where are people moving to Melbourne from?
- 56% of Melbourne homebuyers searched to stay within the Melbourne metropolitan area.
- Knoxville was the most popular destination among Melbourne homebuyers followed by Greensboro and Johnson City.
Where are people from Melbourne moving to?
Number of People Moving to Melbourne
least
most
People are moving to Melbourne from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 604 | ||
| 2 | 523 | ||
| 3 | 235 | ||
| 4 | 155 | ||
| 5 | 95 | ||
| 6 | 75 | ||
| 7 | 73 | ||
| 8 | 65 | ||
| 9 | 41 | ||
| 10 | 39 | ||
People are leaving Melbourne for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 16 | ||
| 2 | 15 | ||
| 3 | 14 | ||
| 4 | 12 | ||
| 5 | 10 | ||
| 6 | 9 | ||
| 7 | 7 | ||
| 8 | 6 | ||
| 9 | 6 | ||
| 10 | 6 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Melbourne.
Provided by First Street Foundation
Transportation in Melbourne
Learn about the walkability, bikeability, and transit-friendliness of Melbourne
Car-Dependent
Walk Score®
Minimal Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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