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Merritt Island

Why you'd want to live in Merritt Island

Merritt Island is a long peninsula located in between Cape Canaveral and Cocoa Beach. It is known for Kennedy Space Center Visitor complex and Wildlife. Enjoy the Banana River or short drive to the beach!

Merritt Island Market Report

$776,717

AVERAGE PRICE OF 479 HOMES

$379,975

AVERAGE PRICE OF 4 DISTRESSED HOMES

$2,284,011

AVERAGE PRICE OF 79 MULTI-MILLION DOLLAR HOMES

$1,030,868

AVERAGE PRICE OF 32 NEWLY BUILT HOMES

$972,129

AVERAGE PRICE OF 174 HOMES WITH A POOL

$613,405

AVERAGE PRICE OF 29 REDUCED PRICE HOMES

Average Home

Average Price $776,717
Avg Bedrooms 2.89 beds
Avg Bathrooms 3.34 baths

Average Price by Bedrooms

1 bedroom $387,790
2 bedrooms $339,380
3 bedrooms $566,008
4 bedrooms $841,193
5 bedrooms $1,612,603
Merritt Island Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 496 495 454 409 376
Average Price $789,882 $766,698 $773,366 $807,356 $792,359
Avg Price Change +3.02% -0.87% -4.40% +1.89% +3.13%
Median Price $532,812 $526,279 $516,544 $533,723 $553,042
Med Price Change +1.24% +1.88% -3.33% -3.62% +2.38%
Avg Bedrooms 2.87 beds 2.83 beds 2.78 beds 2.79 beds 2.78 beds
Avg Bathrooms 2.34 baths 2.15 baths 2.14 baths 2.19 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Merritt Island 436 $671,030 112 days
Total Homes Average Price Avg Days on Site
All Homes 479 $776,717 121 days
Distressed Homes 4 $379,975 106 days
Multi-Million Dollar Homes 79 $2,284,011 146 days
Newly Built Homes 32 $1,030,868 166 days
Homes with a Pool 174 $972,129 87 days
Reduced Price Homes 29 $613,405 61 days