Altos Market Data for Realtors

Merritt Island, FL 32953

Single-Family Homes

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Merritt Island, FL 32953

Thu Jul 03 2025
This week the median list price for Merritt Island, FL 32953 is $575,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 113. Click here to stay informed with the Merritt Island 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Merritt Island, FL 32953

Thu Jul 03 2025
This week the median list price for Merritt Island, FL 32953 is $575,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 113. Click here to stay informed with the Merritt Island 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Merritt Island market.
Median List Price $575,000
Median Price of New Listings $699,000
Per Square Foot $261
Average Days on Market 119
Median Days on Market 77
Price Decreased 63%
Price Increased 1%
Relisted 4%
Inventory 113
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. 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
$930,000 2,460 0.25 - 0.5 acre 4 2.5 37 1 0 91
$637,450 2,226 0.25 - 0.5 acre 4 2.3 38 1 2 73
$499,745 2,052 0.25 - 0.5 acre 3 2 39 0 6 80
$337,399 1,506 6,500 - 8,000 sqft 3 2 61 1 5 70