Altos Market Data for Realtors

Melbourne, FL 32904

Single-Family Homes

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Melbourne, FL 32904

Mon Jun 15 2026
This week the median list price for Melbourne, FL 32904 is $449,450 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 130. 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 32904

Mon Jun 15 2026
This week the median list price for Melbourne, FL 32904 is $449,450 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 130. 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 $449,450
Median Price of New Listings $489,900
Per Square Foot $223
Average Days on Market 84
Median Days on Market 56
Price Decreased 48%
Price Increased 1%
Relisted 7%
Inventory 130
Median Rent
Market Action 37
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this 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
$660,000 2,533 0.5 - 1 acre 4 3 23 5 1 42
$499,000 2,360 8,000 - 10,000 sqft 4 2.5 15 2 3 52
$429,000 1,963 6,500 - 8,000 sqft 4 2 19 3 4 63
$343,450 1,468 8,000 - 10,000 sqft 3 2 25 1 2 63