Melbourne, FL Housing Market
The Melbourne housing market is somewhat competitive. Homes in Melbourne receive 2 offers on average and sell in around 50 days. The median sale price of a home in Melbourne was $335K last month, up 5.7% since last year. The median sale price per square foot in Melbourne is $229, up 8.5% since last year.
Melbourne Housing Market Trends
In April 2024, Melbourne home prices were up 5.7% compared to last year, selling for a median price of $335K. On average, homes in Melbourne sell after 50 days on the market compared to 51 days last year. There were 139 homes sold in April this year, down from 145 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Melbourne housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 50 days.
- Hot homescan sell for around list price and go pending in around 19 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 68 days.
- Hot homescan sell for around list price and go pending in around 26 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 4% below list price and go pending in around 57 days.
- Hot homescan sell for around list price and go pending in around 30 days.
Melbourne Migration & Relocation Trends
- Across the nation, 0.39% of homebuyers searched to move into Melbourne from outside metros.
- Miami homebuyers searched to move into Melbourne more than any other metro followed by Orlando and New York.
- 59% of Melbourne homebuyers searched to stay within the Melbourne metropolitan area.
- Asheville was the most popular destination among Melbourne homebuyers followed by Greenville and Knoxville.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 554 | ||
2 | 537 | ||
3 | 308 | ||
4 | 238 | ||
5 | 155 | ||
6 | 142 | ||
7 | 135 | ||
8 | 99 | ||
9 | 88 | ||
10 | 78 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 25 | ||
2 | 19 | ||
3 | 12 | ||
4 | 12 | ||
5 | 8 | ||
6 | 7 | ||
7 | 7 | ||
8 | 6 | ||
9 | 6 | ||
10 | 5 |
View houses in Melbourne that sold recently
Recently sold homes
- $415,000 Last Sold Price3 beds2 baths1,958 sq ft3470 Deer Lakes Dr, Melbourne, FL 32940List Price$410,000Sale to List1% over listDays on Market136 days3470 Deer Lakes Dr, Melbourne, FL 32940
- $225,000 Last Sold Price3 beds2 baths1,372 sq ft2607 Wright Ave, Melbourne, FL 32935List Price$215,000Sale to List5% over listDays on Market22 days2607 Wright Ave, Melbourne, FL 32935
- $585,000 Last Sold Price4 beds2.5 baths2,000 sq ft4470 Lakeridge Dr, Melbourne, FL 32934List Price$599,900Sale to List2% under listDays on Market93 days4470 Lakeridge Dr, Melbourne, FL 32934
- $545,000 Last Sold Price4 beds2.5 baths2,338 sq ft3641 Long Leaf Dr, Melbourne, FL 32940List Price$550,000Sale to List1% under listDays on Market153 days3641 Long Leaf Dr, Melbourne, FL 32940
- $490,000 Last Sold Price4 beds2 baths2,055 sq ft4417 Magenta Isles Dr, Melbourne, FL 32904List Price$499,900Sale to List2% under listDays on Market73 days4417 Magenta Isles Dr, Melbourne, FL 32904
- $420,000 Last Sold Price3 beds2 baths1,620 sq ft2156 Dryden Ct, Melbourne, FL 32935List Price$434,900Sale to List3% under listDays on Market59 days2156 Dryden Ct, Melbourne, FL 32935
- $2,125,000 Last Sold Price4 beds4 baths4,477 sq ft8659 Serrano Cir, Melbourne, FL 32940List Price$2,149,000Sale to List1% under listDays on Market86 days8659 Serrano Cir, Melbourne, FL 32940
- $785,000 Last Sold Price5 beds3 baths2,644 sq ft4175 Negal Cir, Melbourne, FL 32901List Price$785,000Sale to List0% over listDays on Market70 days4175 Negal Cir, Melbourne, FL 32901
See all recently sold homes in Melbourne.
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Schools in Melbourne
- Elementary
- Middle
- High
GreatSchools Rating
10/10 W. Melbourne Elementary School For Science Public • PreK-6 | 527 Students | 11 reviews |
10/10 Ocean Breeze Elementary School Public • PreK-6 | 508 Students | 6 reviews |
9/10 Surfside Elementary School Public • PreK-6 | 438 Students | 8 reviews |
9/10 Longleaf Elementary School Public • PreK-6 | 568 Students | 9 reviews |
9/10 Spessard L. Holland Elementary School Public • PreK-6 | 410 Students | 10 reviews |
Climate's impact on Melbourne housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Melbourne.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Extreme
Wind Factor
Wind likelihood over time
Heat Factor - Extreme
Heat Factor
Transportation in Melbourne
Walk Score®
Transit Score®
Bike Score®
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