Altos Market Data for Realtors

Merritt Island, FL 32953

Single-Family Homes

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Merritt Island, FL 32953

Mon Sep 14 2026
This week the median list price for Merritt Island, FL 32953 is $500,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 69. 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 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.

Merritt Island, FL 32953

Mon Sep 14 2026
This week the median list price for Merritt Island, FL 32953 is $500,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 69. 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 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 Merritt Island market.
Median List Price $500,000
Median Price of New Listings $555,000
Per Square Foot $256
Average Days on Market 91
Median Days on Market 63
Price Decreased 64%
Price Increased 1%
Relisted 3%
Inventory 69
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$844,500 2,567 0.25 - 0.5 acre 4 2.8 40 3 2 73
$599,000 2,438 0.25 - 0.5 acre 4 2.5 36 2 1 63
$402,800 1,734 0.25 - 0.5 acre 3 2 60 4 2 63
$309,994 1,364 8,000 - 10,000 sqft 3 2 60 1 2 105