Melbourne Market Report
$588,343
AVERAGE PRICE OF 1,301 HOMES$455,993
AVERAGE PRICE OF 16 DISTRESSED HOMES$1,873,514
AVERAGE PRICE OF 128 MULTI-MILLION DOLLAR HOMES$787,874
AVERAGE PRICE OF 240 NEWLY BUILT HOMES$639,729
AVERAGE PRICE OF 429 HOMES WITH A POOL$408,800
AVERAGE PRICE OF 38 REDUCED PRICE HOMESAverage Home
| Average Price | $588,343 |
| Avg Bedrooms | 2.84 beds |
| Avg Bathrooms | 2.42 baths |
Average Price by Bedrooms
| 1 bedroom | $164,602 |
| 2 bedrooms | $276,248 |
| 3 bedrooms | $499,324 |
| 4 bedrooms | $650,857 |
| 5 bedrooms | $940,540 |
Melbourne Home Price Trends
| 11/2024 | 10/2024 | 9/2024 | 8/2024 | 7/2024 | |
|---|---|---|---|---|---|
| Total Listings | 1,295 | 1,280 | 1,290 | 1,271 | 1,290 |
| Average Price | $590,854 | $585,247 | $580,774 | $583,026 | $584,249 |
| Avg Price Change | +0.96% | +0.77% | -0.39% | -0.21% | +0.55% |
| Median Price | $440,344 | $436,193 | $437,473 | $444,325 | $448,504 |
| Med Price Change | +0.95% | -0.29% | -1.57% | -0.94% | +0.48% |
| Avg Bedrooms | 2.84 beds | 2.86 beds | 2.86 beds | 2.88 beds | 2.89 beds |
| Avg Bathrooms | 2.41 baths | 2.36 baths | 2.34 baths | 2.35 baths | 2.36 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Viera | 472 | $604,961 | 101 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,301 | $588,343 | 107 days |
| Distressed Homes | 16 | $455,993 | 72 days |
| Multi-Million Dollar Homes | 128 | $1,873,514 | 174 days |
| Newly Built Homes | 240 | $787,874 | 158 days |
| Homes with a Pool | 429 | $639,729 | 105 days |
| Reduced Price Homes | 38 | $408,800 | 91 days |
