Melbourne Market Report
$580,679
AVERAGE PRICE OF 1,468 HOMES$262,420
AVERAGE PRICE OF 15 DISTRESSED HOMES$2,054,961
AVERAGE PRICE OF 126 MULTI-MILLION DOLLAR HOMES$737,036
AVERAGE PRICE OF 196 NEWLY BUILT HOMES$734,759
AVERAGE PRICE OF 305 HOMES WITH A POOL$519,956
AVERAGE PRICE OF 115 REDUCED PRICE HOMESAverage Home
| Average Price | $580,679 |
| Avg Bedrooms | 2.93 beds |
| Avg Bathrooms | 3.03 baths |
Average Price by Bedrooms
| 1 bedroom | $169,857 |
| 2 bedrooms | $276,700 |
| 3 bedrooms | $441,419 |
| 4 bedrooms | $643,891 |
| 5 bedrooms | $925,454 |
Melbourne Home Price Trends
| 6/2025 | 5/2025 | 4/2025 | 3/2025 | 2/2025 | |
|---|---|---|---|---|---|
| Total Listings | 1,489 | 1,470 | 1,427 | 1,394 | 1,338 |
| Average Price | $584,209 | $600,349 | $605,875 | $610,135 | $609,029 |
| Avg Price Change | -2.76% | -0.92% | -0.70% | +0.18% | +2.05% |
| Median Price | $434,445 | $440,404 | $436,877 | $441,947 | $442,996 |
| Med Price Change | -1.37% | +0.81% | -1.16% | -0.24% | +0.41% |
| Avg Bedrooms | 2.95 beds | 2.98 beds | 2.93 beds | 2.92 beds | 2.9 beds |
| Avg Bathrooms | 3.28 baths | 3.08 baths | 3.08 baths | 3.13 baths | 3.16 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Viera | 577 | $590,477 | 100 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,468 | $580,679 | 105 days |
| Distressed Homes | 15 | $262,420 | 102 days |
| Multi-Million Dollar Homes | 126 | $2,054,961 | 163 days |
| Newly Built Homes | 196 | $737,036 | 130 days |
| Homes with a Pool | 305 | $734,759 | 89 days |
| Reduced Price Homes | 115 | $519,956 | 110 days |
