Altos Market Data for Realtors

Melbourne, FL 32940

Single-Family Homes

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Melbourne, FL 32940

Tue Sep 08 2026
This week the median list price for Melbourne, FL 32940 is $615,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 191. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Melbourne, FL 32940

Tue Sep 08 2026
This week the median list price for Melbourne, FL 32940 is $615,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 191. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Melbourne market.
Median List Price $615,000
Median Price of New Listings $559,500
Per Square Foot $271
Average Days on Market 98
Median Days on Market 56
Price Decreased 49%
Price Increased 3%
Relisted 7%
Inventory 191
Median Rent
Market Action 40
Slight Seller's Advantage

While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$924,900 3,143 0.25 - 0.5 acre 4 3.5 8 2 4 77
$672,198 2,343 8,000 - 10,000 sqft 4 3 6 6 2 66
$517,500 1,902 6,500 - 8,000 sqft 3 2 17 5 7 38
$374,500 1,625 6,500 - 8,000 sqft 3 2 31 7 8 56