Melbourne, FL, Real Estate
Melbourne currently has 58 single family homes for sale with an average list price of $514,322, 9 townhouses for sale with an average list price of $313,644, 10 condos for sale with an average list price of $230,170, and 5 lots for sale with an average list price of $447,380. The average annual property tax for Melbourne is $2,526.
What's Hot & What Not
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Melbourne, i.e. what's hot and what's not.
See What's Hot & What's Not in Melbourne
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Melbourne, i.e. what's hot and what's not.
Market Trends
Melbourne home sales for the month of March stayed the same in volume when compared to last year, while the median sale price decreased by 11.3% from $400,000 to $355,000. House sales rose by 23.1%, while the median sale price decreased by 16.9% from $424,300 to $352,500. Townhouse sales decreased by 50%, while the median sale price rose by 9.9% from $327,500 to $360,000.
|
68
|
89
|
130
|
153
|
| 2020 | 2021 | 2022 | 2023 |
| # of sales per year | |||
|
$251,493
|
$330,000
|
$350,000
|
$375,000
|
| 2020 | 2021 | 2022 | 2023 |
| median sale price per year | |||
Median Sale Price for Melbourne
Number of Sales for Melbourne
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