Market report, updated

Melbourne Home Values and Market Report

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Report prepared by Storkrealestate.com Stork Real Estate

Market at a glance

Over the last 12 months, homes sold for 95.0% of list price in 55 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $405K Sold · $377K
$460K$400K$340K$280K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 59 sales in Jun. Last month: 42.

Where the market stands

All homes in this report, by status.

796homes
Active196 · 25%
Under contract61 · 8%
Sold (12 mo)539 · 68%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$663K
Under contract$421K
Sold$345K

Average days on market

Active170 days
Under contract106 days
Sold55 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 196
Average list price $663,421
Avg. days on market 170 days
Avg. price per ft² $268 Based on 178 of 196 homes
Avg. living area 2,197 ft² Based on 178 of 196 homes
Avg. beds / baths 3.4 / 2.7

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

18 homes didn’t report living area and aren’t shown.

2 homes are larger or pricier than this chart’s scale and aren’t shown.

$6M$4M$2M$0

Price vs. living area: 176 homes plotted, up to $6M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

42 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

2106 Vernon Place$1,041
2106 Vernon Place$1,041
1811 Riverview Drive$861
26 W New Haven Avenue$818
6557 Us-1$800
2013 Vernon Place$773
9150 Ellis Road$744

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
4555 Radiant Way Unit 103Melbourne, FL 32901 321,416$295,000$2083 days
4280 Millicent CircleMelbourne, FL 32901 321,706$340,000$1994 days
4085 Negal CircleMelbourne, FL 32901 422,335$610,000$2615 days
801 Poplar LaneMelbourne, FL 32901 421,332$259,900$1956 days
6557 Us-1Rockledge, FL 32955 221,150$920,000$8006 days
3454 Floral Palm BoulevardMelbourne, FL 32901 321,586$319,900$2018 days
1414 Paul StreetMelbourne, FL 32935 421,548$310,000$2008 days
209 Prince AvenueMelbourne, FL 32901 311,426$225,600$1589 days
4160 Negal CircleMelbourne, FL 32901 432,319$709,000$30510 days
3901 Veranda Court Unit 3Melbourne, FL 32901 221,128$250,000$22111 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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