Melbourne Market Report
$546,695
AVERAGE PRICE OF 96 HOMES$387,600
AVERAGE PRICE OF 1 DISTRESSED HOMES$1,892,778
AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES$1,330,000
AVERAGE PRICE OF 2 NEWLY BUILT HOMES$708,953
AVERAGE PRICE OF 28 HOMES WITH A POOL$529,966
AVERAGE PRICE OF 3 REDUCED PRICE HOMESAverage Home
Average Price | $546,695 |
Avg Bedrooms | 3.13 beds |
Avg Bathrooms | 2.16 baths |
Average Price by Bedrooms
1 bedroom | $189,500 |
2 bedrooms | $254,674 |
3 bedrooms | $390,026 |
4 bedrooms | $533,824 |
5 bedrooms | $829,450 |
Melbourne Home Price Trends
1/2025 | 12/2024 | 11/2024 | 10/2024 | 9/2024 | |
---|---|---|---|---|---|
Total Listings | 89 | 86 | 87 | 81 | 95 |
Average Price | $527,407 | $511,858 | $510,697 | $507,426 | $515,269 |
Avg Price Change | +3.04% | +0.23% | +0.64% | -1.55% | +2.93% |
Median Price | $342,105 | $337,726 | $341,946 | $366,402 | $370,705 |
Med Price Change | +1.30% | -1.25% | -7.15% | -1.17% | +5.33% |
Avg Bedrooms | 2.9 beds | 2.95 beds | 3.03 beds | 3.02 beds | 3.03 beds |
Avg Bathrooms | 2.02 baths | 2.08 baths | 2.11 baths | 2.11 baths | 2.19 baths |
Home Price by High School
School Name | Total Homes | Average Price | Avg Days on Site |
---|---|---|---|
Viera High School | 8 | $481,837 | 112 days |
Home Price by House Size
Total Homes | Average Price | Avg Days on Site | |
---|---|---|---|
All Homes | 96 | $546,695 | 99 days |
Distressed Homes | 1 | $387,600 | 129 days |
Multi-Million Dollar Homes | 9 | $1,892,778 | 189 days |
Newly Built Homes | 2 | $1,330,000 | 46 days |
Homes with a Pool | 28 | $708,953 | 90 days |
Reduced Price Homes | 3 | $529,966 | 48 days |