The Melbourne housing market is somewhat competitive. Homes in Melbourne receive 2 offers on average and sell in around 51 days. The median sale price of a home in Melbourne was $333K last month, up 1.4% since last year. The median sale price per square foot in Melbourne is $216, down 1.6% since last year.
What is the housing market like in Melbourne today?
In March 2024, Melbourne home prices were up 1.4% compared to last year, selling for a median price of $333K. On average, homes in Melbourne sell after 51 days on the market compared to 57 days last year. There were 134 homes sold in March this year, down from 173 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$332,500
+1.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Melbourne, FL
$332,500
+1.4%
United States
To compare other locations to the Melbourne and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Melbourne add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Melbourne housing market?
Melbourne is somewhat competitive. Homes sell in 50 days.
0
100
52
Somewhat Competitive
Redfin Compete Score™
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 homes
can sell for around list price and go pending in around 16 days.
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.
Home offer insights for Melbourne
Explore recent offers and recently sold homes in Melbourne
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
W. Melbourne Elementary School For Science
Public • PreK-6 • Choice school
553
Students
11 reviews
10/10
Ocean Breeze Elementary School
Public • PreK-6 • Choice school
532
Students
6 reviews
9/10
Surfside Elementary School
Public • PreK-6 • Choice school
460
Students
8 reviews
9/10
Longleaf Elementary School
Public • PreK-6 • Choice school
646
Students
9 reviews
9/10
Spessard L. Holland Elementary School
Public • PreK-6 • Choice school
497
Students
10 reviews
Only showing 5 of
18 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Melbourne has a moderate risk of flooding. 3,195 properties in Melbourne are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Melbourne. Flood risk is increasing faster than the national average.
22% of properties are at risk of wildfire over the next 30 years
Fire Factor
Melbourne has a moderate risk of wildfire. There are 6,717 properties in Melbourne that have some risk of being affected by wildfire over the next 30 years. This represents 22% of all properties in Melbourne.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Melbourne has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Melbourne is most at risk from hurricanes. 30,511 properties in Melbourne have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 205 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 224 mph.