Merritt Island, FL, Real Estate
Merritt Island currently has 49 single family homes for sale with an average list price of $705,436, 2 townhouses for sale with an average list price of $269,500, 4 condos for sale with an average list price of $312,425, and 6 lots for sale with an average list price of $769,167. The average annual property tax for Merritt Island is $3,187.
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 Merritt Island, i.e. what's hot and what's not.
See What's Hot & What's Not in Merritt Island
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 Merritt Island, i.e. what's hot and what's not.
Market Trends
Merritt Island home sales for the month of March decreased in volume by 21.4% when compared to last year, while the median sale price rose by 8% from $559,950 to $605,000. House sales decreased by 16.7%, while the median sale price decreased by 1.8% from $636,250 to $625,000. Townhouse sales stayed the same, while the median sale price decreased by 17.6% from $297,500 to $245,000.
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119
|
101
|
83
|
125
|
| 2020 | 2021 | 2022 | 2023 |
| # of sales per year | |||
|
$370,000
|
$399,999
|
$465,000
|
$472,500
|
| 2020 | 2021 | 2022 | 2023 |
| median sale price per year | |||
Median Sale Price for Merritt Island
Number of Sales for Merritt Island
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