Altos Market Data for Realtors

Melbourne, FL 32934

Single-Family Homes

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Melbourne, FL 32934

Fri Jul 25 2025
This week the median list price for Melbourne, FL 32934 is $564,750 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 52. Click here to stay informed with the Melbourne market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Melbourne, FL 32934

Fri Jul 25 2025
This week the median list price for Melbourne, FL 32934 is $564,750 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 52. Click here to stay informed with the Melbourne market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Melbourne market.
Median List Price $564,750
Median Price of New Listings $515,000
Per Square Foot $257
Average Days on Market 117
Median Days on Market 81
Price Decreased 52%
Price Increased 2%
Relisted 8%
Inventory 52
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$949,000 3,117 0.5 - 1 acre 4 3 8 1 0 56
$720,000 2,692 0.5 - 1 acre 4 3 35 0 2 105
$509,900 2,064 0.25 - 0.5 acre 3 2 33 1 0 77
$399,999 1,835 6,500 - 8,000 sqft 3 2 32 1 0 49