Altos Market Data for Realtors

Melbourne, FL 32934

Single-Family Homes

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Melbourne, FL 32934

Fri Jan 10 2025
This week the median list price for Melbourne, FL 32934 is $575,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 65. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Melbourne, FL 32934

Fri Jan 10 2025
This week the median list price for Melbourne, FL 32934 is $575,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 65. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Melbourne market.
Median List Price $575,000
Median Price of New Listings $499,950
Per Square Foot $256
Average Days on Market 108
Median Days on Market 84
Price Decreased 40%
Price Increased 2%
Relisted 12%
Inventory 65
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$949,950 2,948 0.5 - 1 acre 4 3 8 0 0 122
$749,500 2,467 0.5 - 1 acre 4 2.3 26 0 1 59
$514,900 2,147 0.25 - 0.5 acre 3 2 32 2 0 73
$350,000 1,756 8,000 - 10,000 sqft 3 2 30 0 0 63