Melbourne, FL Home Values & Market Trends

Real estate market trends reflect that there have been 2,869 transactions over the past year in Melbourne. The median value for residential home transactions that occurred over the previous year is $333,377.97. The number of current listings in Melbourne is 396, and the percentage of properties for sale in the city is 396.00%. Melbourne, FL currently has 394 properties in foreclosure, 2 bank owned properties, 15 properties headed for auction, and 396 properties for sale.

Melbourne, FL Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
32940

$ 459,900

$ 234/sqft

32901

$ 289,941

$ 207/sqft

32935

$ 286,192

$ 188/sqft

32934

$ 423,972

$ 207/sqft

32904

$ 399,553

$ 197/sqft

Housing Market Summary for Melbourne, FL

Mar 2023February 2024Change
Median Listing Price$389.1K$337.4K-13.29%
Median Sold Price$372.8K$337.4K-9.49%
Homes For Sale3803964.21%
Homes Sold1,9741,766-10.54%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Melbourne, FL

Melbourne home values range from $15,816 to $5,970,003. The median estimated value of a home in Melbourne is $333,377.97. The median list price of a home is 399,000, and the total count of properties in the city is 53,820.

Foreclosure
There are 5 zips within Melbourne, FL; within these zips, the median estimated home value for homes in foreclosure ranges from $1,096,542 in 32935 to the lowest value of $70,910 in 32935. Foreclosure homes account for 0.00% of properties in Melbourne, FL with 32935 containing 140 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.70% of all residential properties in Melbourne, FL with 32935 containing 133 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Melbourne, FL; of those zips, the estimated home value for pre-foreclosure homes ranges from $982,270 in 32940 to the lowest home value of $70,910 in 32935.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Melbourne, FL ranges from the highest value of $117,431 in 32935 to the lowest value of $117,431 in 32904. Bank owned homes and properties account for 0.00% of properties in Melbourne, FL. There are 5 zips within Melbourne, FL; 32904 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    32935 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Melbourne, FL. Auction homes and other auction properties account for 0.03% of all properties in Melbourne, FL. There are 5 zips within Melbourne, FL; of those zips, the median estimated home value for homes going to auction ranges from $415,250 in 32934 to the lowest value of $169,900 in 32934.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.74% of residential properties in Melbourne, FL with 32940 containing 164 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Melbourne, FL; homes for sale in those zips, have a range of median values from $849,000 in 32901 to the lowest value of $99,024 in 32935.
    Sold Homes
    The median value for recently sold homes ranges from $3,525,531 in 32940 to the lowest price of $36,731 in 32940. There are 5 zips within Melbourne, FL. 32940 has 719 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.45% of properties in Melbourne, FL.

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      Guide for Melbourne, FL

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