The Merritt Island housing market is somewhat competitive. The median sale price of a home in Merritt Island was $510K last month, up 34.6% since last year. The median sale price per square foot in Merritt Island is $265, up 10.4% since last year.
What is the housing market like in Merritt Island today?
In March 2024, Merritt Island home prices were up 34.6% compared to last year, selling for a median price of $510K. On average, homes in Merritt Island sell after 85 days on the market compared to 53 days last year. There were 51 homes sold in March this year, down from 66 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$510,000
+34.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Merritt Island, FL
$510,000
+34.6%
United States
To compare other locations to the Merritt Island and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Merritt Island 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 Merritt Island housing market?
Merritt Island is somewhat competitive. Homes sell in 66.5 days.
0
100
42
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 4% below list price and go pending in around 67 days.
Hot homes
can sell for around list price and go pending in around 31 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 Merritt Island
Explore recent offers and recently sold homes in Merritt Island
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Robert L. Stevenson Elementary School
Public • K-6 • Choice school
506
Students
13 reviews
10/10
Freedom 7 Elementary School of International Studies
Public • K-6 • Choice school
387
Students
10 reviews
9/10
Longleaf Elementary School
Public • PreK-6 • Choice school
646
Students
9 reviews
9/10
Lewis Carroll Elementary School
Public • PreK-6 • Choice school
664
Students
15 reviews
9/10
Suntree Elementary School
Public • PreK-6 • Choice school
674
Students
9 reviews
Only showing 5 of
14 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 Merritt Island housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Merritt Island.
Risk Factor
Flood Factor - Extreme
98% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Merritt Island has an extreme risk of flooding. 13,299 properties in Merritt Island are likely to be
severely affected
by flooding over the next 30 years. This represents 98% of all properties in Merritt Island. Flood risk is increasing slower than the national average.
67% of properties are at risk of wildfire over the next 30 years
Fire Factor
Merritt Island has a moderate risk of wildfire. There are 9,797 properties in Merritt Island that have some risk of being affected by wildfire over the next 30 years. This represents 67% of all properties in Merritt Island.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Merritt Island has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Merritt Island is most at risk from hurricanes. 14,544 properties in Merritt Island 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 210 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 221 mph.