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Melbourne

Why you'd want to live in Melbourne

Melbourne, situated just north of Palm Bay, is a dynamic city that offers both cultural vibrancy and coastal charm. The historic downtown area features a variety of shops, restaurants, and galleries, contributing to a lively arts scene and a strong sense of community. Melbourne is also known for its proximity to beautiful beaches and a range of outdoor recreational opportunities, such as surfing, boating, and wildlife watching. The city is home to several major employers, including those in the aerospace and tech industries, making it a great place for professionals seeking career opportunities. With its mix of urban and coastal living, Melbourne appeals to those who enjoy both a small-town feel and easy access to larger cities like Orlando.

Melbourne Market Report

$592,455

AVERAGE PRICE OF 1,508 HOMES

$2,060,476

AVERAGE PRICE OF 134 MULTI-MILLION DOLLAR HOMES

$728,218

AVERAGE PRICE OF 373 HOMES WITH A POOL

$281,900

AVERAGE PRICE OF 16 DISTRESSED HOMES

$786,248

AVERAGE PRICE OF 188 NEWLY BUILT HOMES

$493,109

AVERAGE PRICE OF 114 REDUCED PRICE HOMES

Average Home

Average Price $592,455
Avg Bedrooms 2.52 beds
Avg Bathrooms 2.47 baths

Average Price by Bedrooms

1 bedroom $170,495
2 bedrooms $271,040
3 bedrooms $518,658
4 bedrooms $771,626
5 bedrooms $990,904
Melbourne Home Price Trends
  4/2025 3/2025 2/2025 1/2025 12/2024
Total Listings 1,566 1,526 1,459 1,352 1,386
Average Price $596,964 $605,851 $608,294 $597,449 $591,164
Avg Price Change -1.49% -0.40% +1.82% +1.06% +0.17%
Median Price $434,153 $441,926 $443,186 $438,907 $441,833
Med Price Change -1.79% -0.29% +0.97% -0.67% +0.46%
Avg Bedrooms 2.67 beds 2.64 beds 2.7 beds 2.63 beds 2.69 beds
Avg Bathrooms 2.33 baths 2.37 baths 2.42 baths 2.09 baths 2.11 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Viera 580 $606,007 94 days
Total Homes Average Price Avg Days on Site
All Homes 1,508 $592,455 95 days
Multi-Million Dollar Homes 134 $2,060,476 185 days
Homes with a Pool 373 $728,218 80 days
Distressed Homes 16 $281,900 98 days
Newly Built Homes 188 $786,248 169 days
Reduced Price Homes 114 $493,109 82 days
ONE Sotheby's International Realty
Allison Castro
301 Ocean Avenue
Melbourne Beach, FL 32951
772-281-7682
Jennifer Kline
4780 Dairy Road, Suite 101
Melbourne, FL, 32904
321-684-1975

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