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 $342K last month, up 8.0% 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 8.0% compared to last year, selling for a median price of $342K. On average, homes in Melbourne sell after 50 days on the market compared to 51 days last year. There were 146 homes sold in April this year, up 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 28 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 28 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
- $407,500 Last Sold Price3 beds2 baths1,436 sq ft4300 Lakemont Rd, Melbourne, FL 32934List Price$495,000Sale to List18% under listDays on Market63 days4300 Lakemont Rd, Melbourne, FL 32934
- $274,000 Last Sold Price2 beds2 baths1,157 sq ft6421 Borasco Dr #2202, Melbourne, FL 32940List Price$279,000Sale to List2% under listDays on Market161 days6421 Borasco Dr #2202, Melbourne, FL 32940
- $802,008 Last Sold Price4 beds3.5 baths2,759 sq ft2518 Pangea Cir, Melbourne, FL 32940List Price$802,008Sale to List0% over listDays on Market0 days2518 Pangea Cir, Melbourne, FL 32940
- $674,000 Last Sold Price3 beds2.5 baths2,407 sq ft1012 Worthington Spring Dr, Melbourne, FL 32940List Price$674,900Sale to List0% under listDays on Market49 days1012 Worthington Spring Dr, Melbourne, FL 32940
- $325,000 Last Sold Price2 beds2 baths1,407 sq ft2970 Le Conte St, Melbourne, FL 32940List Price$329,900Sale to List1% under listDays on Market73 days2970 Le Conte St, Melbourne, FL 32940
- $475,000 Last Sold Price3 beds2 baths1,831 sq ft2504 Watkins Dr, Melbourne, FL 32901List Price$499,000Sale to List5% under listDays on Market89 days2504 Watkins Dr, Melbourne, FL 32901
- $190,000 Last Sold Price2 beds2.5 baths—sq ft170 Paradise Blvd #17017, Melbourne, FL 32903List Price$190,000Sale to List0% over listDays on Market1 day170 Paradise Blvd #17017, Melbourne, FL 32903
- $654,955 Last Sold Price3 beds4 baths2,437 sq ft3049 Pangea Cir, Melbourne, FL 32940List Price$648,495Sale to List1% over listDays on Market235 days3049 Pangea Cir, Melbourne, FL 32940
See all recently sold homes in Melbourne.
See listings
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®
More real estate resources for Melbourne
New Listings in Melbourne
Zip Code Housing Markets
Nearby City Housing Markets
Neighborhood Housing Markets
Zip Code Listings
Nearby City Listings
Neighborhood Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.