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 49 days.
- Hot homescan sell for around list price and go pending in around 17 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 69 days.
- Hot homescan sell for around list price and go pending in around 27 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 58 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
- $309,000 Last Sold Price2 beds2 baths1,339 sq ft1050 S Fork Cir, Melbourne, FL 32901List Price$309,000Sale to List0% over listDays on Market81 days1050 S Fork Cir, Melbourne, FL 32901
- $540,000 Last Sold Price3 beds2 baths1,834 sq ft1665 Ficus Point Dr, Melbourne, FL 32940List Price$549,000Sale to List2% under listDays on Market50 days1665 Ficus Point Dr, Melbourne, FL 32940
- $337,400 Last Sold Price3 beds2 baths2,126 sq ft1369 Elcon Dr, Melbourne, FL 32904List Price$340,000Sale to List1% under listDays on Market217 days1369 Elcon Dr, Melbourne, FL 32904
- $214,000 Last Sold Price3 beds2 baths1,256 sq ft973 Wilson St, Melbourne, FL 32935List Price$250,000Sale to List14% under listDays on Market58 days973 Wilson St, Melbourne, FL 32935
- $525,000 Last Sold Price3 beds2 baths1,622 sq ft3349 Ribbon Grass Dr, Melbourne, FL 32940List Price$550,000Sale to List5% under listDays on Market273 days3349 Ribbon Grass Dr, Melbourne, FL 32940
- $275,000 Last Sold Price3 beds1.5 baths1,322 sq ft1814 Pontiac Cir N, Melbourne, FL 32935List Price$300,000Sale to List8% under listDays on Market86 days1814 Pontiac Cir N, Melbourne, FL 32935
- $770,000 Last Sold Price4 beds3 baths2,908 sq ft577 Spring Lake Dr, Melbourne, FL 32940List Price$789,000Sale to List2% under listDays on Market48 days577 Spring Lake Dr, Melbourne, FL 32940
- $745,000 Last Sold Price4 beds4 baths2,841 sq ft3660 Brennan Dr, Melbourne, FL 32934List Price$765,000Sale to List3% under listDays on Market107 days3660 Brennan Dr, Melbourne, FL 32934
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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