Altos Market Data for Realtors

Merritt Island, FL 32953

Single-Family Homes

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Merritt Island, FL 32953

Sat Apr 25 2026
This week the median list price for Merritt Island, FL 32953 is $499,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 92. 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 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. 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.

Merritt Island, FL 32953

Sat Apr 25 2026
This week the median list price for Merritt Island, FL 32953 is $499,000 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 92. 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 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. 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 Merritt Island market.
Median List Price $499,000
Median Price of New Listings $450,000
Per Square Foot $251
Average Days on Market 119
Median Days on Market 60
Price Decreased 43%
Price Increased 1%
Relisted 9%
Inventory 92
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. 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
$840,000 2,577 0.25 - 0.5 acre 4 3 31 2 1 70
$579,900 2,198 0.25 - 0.5 acre 4 2 37 3 4 56
$398,000 1,730 6,500 - 8,000 sqft 3 2 60 7 2 21
$283,000 1,282 6,500 - 8,000 sqft 3 2 61 1 0 70