Melbourne Market Report
$594,668
AVERAGE PRICE OF 1,242 HOMES$407,832
AVERAGE PRICE OF 17 DISTRESSED HOMES$1,844,462
AVERAGE PRICE OF 131 MULTI-MILLION DOLLAR HOMES$803,230
AVERAGE PRICE OF 212 NEWLY BUILT HOMES$694,760
AVERAGE PRICE OF 334 HOMES WITH A POOL$430,981
AVERAGE PRICE OF 95 REDUCED PRICE HOMESAverage Home
| Average Price | $594,668 |
| Avg Bedrooms | 2.85 beds |
| Avg Bathrooms | 2.45 baths |
Average Price by Bedrooms
| 1 bedroom | $171,416 |
| 2 bedrooms | $273,322 |
| 3 bedrooms | $505,025 |
| 4 bedrooms | $641,971 |
| 5 bedrooms | $905,143 |
Melbourne Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,281 | 1,295 | 1,280 | 1,290 | 1,271 |
| Average Price | $590,523 | $590,854 | $585,247 | $580,774 | $583,026 |
| Avg Price Change | -0.06% | +0.96% | +0.77% | -0.39% | -0.21% |
| Median Price | $442,205 | $440,344 | $436,193 | $437,473 | $444,325 |
| Med Price Change | +0.42% | +0.95% | -0.29% | -1.57% | -0.94% |
| Avg Bedrooms | 2.82 beds | 2.84 beds | 2.86 beds | 2.86 beds | 2.88 beds |
| Avg Bathrooms | 2.42 baths | 2.41 baths | 2.36 baths | 2.34 baths | 2.35 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Viera | 474 | $605,033 | 105 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,242 | $594,668 | 113 days |
| Distressed Homes | 17 | $407,832 | 89 days |
| Multi-Million Dollar Homes | 131 | $1,844,462 | 190 days |
| Newly Built Homes | 212 | $803,230 | 170 days |
| Homes with a Pool | 334 | $694,760 | 116 days |
| Reduced Price Homes | 95 | $430,981 | 82 days |
