Altos Market Data for Realtors

Merritt Island, FL 32953

Single-Family Homes

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Merritt Island, FL 32953

Mon Jun 15 2026
This week the median list price for Merritt Island, FL 32953 is $480,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 79. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Merritt Island, FL 32953

Mon Jun 15 2026
This week the median list price for Merritt Island, FL 32953 is $480,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 79. 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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Merritt Island market.
Median List Price $480,000
Median Price of New Listings $739,000
Per Square Foot $254
Average Days on Market 106
Median Days on Market 56
Price Decreased 56%
Price Increased 0%
Relisted 4%
Inventory 79
Median Rent
Market Action 40
Slight Seller's Advantage

This week prices in this zip code bumped up a bit but the trend of the last few weeks is generally downward. Look for an up shift in the Market Action Index before we see a significant rise 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
$949,500 2,595 0.25 - 0.5 acre 4 2.5 38 2 1 63
$599,700 2,342 0.25 - 0.5 acre 4 2.3 31 4 3 28
$357,450 1,710 8,000 - 10,000 sqft 3 2 55 1 2 42
$274,999 1,172 6,500 - 8,000 sqft 3 2 63 0 3 112