Momentum Housing Data · Home Values · Brevard County

Deer Lakes Home Values: What Homes Actually Sell For

Buying here? See Deer Lakes homes for sale and the Deer Lakes community guide (Melbourne).

Deer Lakes (Melbourne, FL): 13 recorded closings in the 12 months ending 2026-09-20, a 15-year price record, and sales split by price band and home size — every number from recorded MLS closings, none from an estimate model.

In the current window, sellers accepted a median 95.4% of original asking; the median sale took 47 days (window ending 2026-09-20).

The 15-year recorded price history

Over the recorded series, Deer Lakes’s median sold price moved from $155,000 (2012) to $380,000 (12 months ending 2026-09-20) — +145% over that span, with every year’s figure from recorded closings, not a model.

The last decade in Deer Lakes, briefly

The recorded series starts in 2012 at $155,000. The 2020–22 run-up did what it did everywhere — Deer Lakes’s median moved +61% from 2019 to 2022. Against the 2023 peak of $445,000, the current median stands at -15%. Annual sales volume here has ranged from 3 to 20 closings a year (10-yr average 12.5). With roughly 12.5 closings a year, Deer Lakes’s medians move in steps, not curves — a handful of unusual sales can swing a year, which is why the sales count sits next to every figure above.

Where Deer Lakes sales actually landed, 2024–2026

Of the 28 recorded Deer Lakes closings since 2024, half landed between $378,750 and $425,500 (the middle two quartiles); the lowest recorded sale was $325,000 and the highest $485,000. If your home sits outside the middle band, the reason usually shows up in the size table below before it shows up in condition.

What homes of your size have sold for in Deer Lakes

The same recorded closings, split into thirds by living area. Find the row your home falls in: the $/sqft figure times your square footage is the recorded-sales bracket for homes like yours here — a starting range from real closings, not a valuation of your specific property. Smaller homes here have been selling at a higher price per square foot than larger ones ($247 vs $198) — the usual pattern, since lot, kitchen and baths do not scale with floor area.

The Deer Lakes housing stock, from the live feed

From the live MLS feed as of 2026-10-01: The homes listed or recently sold were built between 2002 and 2005 (median 2003); 14 of 14 listed or recently sold homes report an HOA, median $145/mo; 2 of 7 geocoded listed or recently sold homes sit inside a FEMA special flood hazard zone (A/V), which buyers’ lenders will price into insurance; median elevation 36 ft; the features listings here most often name are Playground, Gated, Maintenance Grounds, Management - Off Site and Park. See the current Deer Lakes listings →

At Deer Lakes’s $380,000 median and Brevard County’s adopted 15.6 mills (FY2025-26), a home assessed at that price carries roughly $5,930 a year in property tax before exemptions, or about $5,310 with the full Florida homestead exemption — a buyer’s first-year figure; a long-time owner’s Save Our Homes cap can be far lower, which is one reason resale taxes jump at closing. Municipal and special-district millage varies inside the county; see the Brevard County tax page.

Selling in Deer Lakes right now: what the record says

Current asking prices run a median $427,400 against the $380,000 recorded sold median (+12%) — the gap between what sellers hope and what the record shows. The market is carrying about 1.8 months of supply at the current sales pace. Demand check: 0% of Deer Lakes’s listings are under contract, against 34% for ZIP 32940 and 26% for Brevard County as a whole — the community is currently absorbing slower than its surroundings, which is negotiating information. Momentum’s market-heat index for Deer Lakes reads 18/100 (computed from DOM, sale-to-list, and absorption; 2020–21 peaked in the 70s here).

With asking prices running +12% over the recorded sold median, a Deer Lakes listing priced against the closed record above stands out against its competition; one priced against the asking crowd joins the statewide list of homes that never sold.

How Deer Lakes compares with its neighbors

Communities buyers shopping Deer Lakes are also weighing (nearest by map distance), each on its own recorded 12-month closings. A median well above the neighbors is a ceiling to price against; well below is where the value argument lives.

More Deer Lakes: full community guide & homes for sale · choosing an agent here · should you sell now (statewide data) · what selling costs · cash offer vs. listing

Based on information from the Space Coast MLS for the period 2004 through 2026. Compiled from recorded MLS closings; deemed reliable but not guaranteed. Figures are medians for the stated windows and change as new sales record; individual homes vary widely. No automated valuation for any specific property appears on this page. Equal Housing Opportunity. © 2026 Move With Momentum LLC — brokerage licensed in FL and GA. Disclosures