Altos Market Data for Realtors

Melbourne, FL 32940

Single-Family Homes

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Melbourne, FL 32940

Fri Oct 23 2026
This week the median list price for Melbourne, FL 32940 is $575,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 186. 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. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Melbourne, FL 32940

Fri Oct 23 2026
This week the median list price for Melbourne, FL 32940 is $575,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 186. 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. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Melbourne market.
Median List Price $575,000
Median Price of New Listings $512,500
Per Square Foot $271
Average Days on Market 97
Median Days on Market 56
Price Decreased 44%
Price Increased 2%
Relisted 8%
Inventory 186
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. 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
$939,900 3,142 0.25 - 0.5 acre 4 3.5 8 7 7 56
$660,000 2,339 8,000 - 10,000 sqft 4 3 7 1 7 52
$499,000 1,864 4,500 - 6,500 sqft 3 2 8 7 5 56
$365,450 1,621 6,500 - 8,000 sqft 3 2 32 6 3 45