The median sale price of a home in Downtown Melbourne was $273K last month, down 61.0% since last year. The median sale price per square foot in Downtown Melbourne is $245, up 8.4% since last year.
What is the housing market like in Downtown Melbourne today?
In October 2025, Downtown Melbourne home prices were down 61.0% compared to last year, selling for a median price of $273K. On average, homes in Downtown Melbourne sell after 12 days on the market compared to 135 days last year. There were 4 homes sold in October this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$272,500
-61.0% YoY | Oct 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2025
Growth
% YoY
Downtown Melbourne, FL
$272,500
-61.0%
United States
To compare other locations to the Downtown 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.
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All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
97.3%
+2.3 pt YoY | Oct 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2025
Growth
% YoY
Downtown Melbourne, FL
97.3%
+2.3 pt
United States
View houses in Downtown Melbourne that sold recently
Learn about schools in the Downtown Melbourne area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
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 Downtown Melbourne housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Melbourne.
Flood Factor - Major
21% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Melbourne has a major risk of flooding. 95 properties in Downtown Melbourne are likely to be
severely affected
by flooding over the next 30 years. This represents 21% of all properties in Downtown Melbourne. Flood risk is increasing faster than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Melbourne has a moderate risk of wildfire. There are 22 properties in Downtown Melbourne that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Downtown Melbourne.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Melbourne has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Melbourne is most at risk from hurricanes. 873 properties in Downtown 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 204 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 224 mph.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Downtown Melbourne has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Melbourne have an Extreme Heat Factor®.
Downtown Melbourne is expected to see a 200% increase in the number of days over 105ºF over the next 30 years. Downtown Melbourne is expected to experience 5