Merritt Island
Housing Market
Median sale price $465,000, down 0.5% year over year, with homes going under contract in about 50 days.
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Housing Market Analyst
Inventory sits at 4.6 months of supply — balanced by the 3-to-6-month balanced benchmark, and 0% of listed homes are already under contract. Prices are down 0.5% versus the prior year, but sellers are still collecting 93.7% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors neither side decisively.
- Prices — balanced supply argues for a sideways market; condition and pricing decide individual outcomes.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Negotiating power — buyers gain ground as 0% of inventory sits under contract.
- Mortgage sensitivity — at 4.5× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Merritt Island data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
Where Merritt Island is hot — and where it isn't
Each dot is a community (90 shown, sized by sales volume rank). Click any dot to open its full neighborhood guide.
The read on Merritt Island
The median sale price across Merritt Island currently stands at $465,000, down 0.5% from a year ago. Buyers are paying a median of $248 per square foot. The typical home goes under contract in about 50 days. Sellers are capturing 93.7% of their original asking price on average.
At the current sales pace that works out to 4.6 months of supply — roughly balanced conditions by the standard six-month benchmark.
Merritt Island prices sit above the Brevard County median by roughly 47%. Zillow's home value index for Brevard County stands at $344,481. About 29% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Merritt Island is 47 of 100 — buyer's opportunity territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 6, 2026.
Merritt Island since 2012 — and where it’s heading
A median home here sold for $143,651 in 2012 and $470,921 over the last recorded year — 228% appreciation across 14 years of recorded sales.
Median sale price · 2012–2026 (9,654 recorded sales)
Days on market by year
Home value trend · Brevard County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Brevard County (MLS)
What’s driving Merritt Island
Top inbound states: NY, CA, TX, GA. Movers arriving report ~$80,978 average income. Source: IRS SOI county-to-county migration, 2022-2023
6,986 Citizens policies in force in Brevard County — the state-backed insurer of last resort. Budget insurance into any Brevard purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
3,376 single-family · 1,248 multi-family · 7.5 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
The sharpest 1-yr median swing among tracked communities. Thin samples can exaggerate swings — verify with a comp analysis before treating it as trend.
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Brevard County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Merritt Island ← this page | $465K | — | 47 | |
| Mims | $450K | 11 | 60 | Open → |
| Indialantic | $610K | 8 | 52 | Open → |
Neighborhoods on the move
| Catalina Isle EstatesMerritt Island | $498K | ▲ 33% |
| Diana Shores Unit No 2 Merritt IslandMerritt Island | $715K | ▲ 14% |
| Villa De PalmasMerritt Island | $498K | ▲ 5% |
| Island CrossingsMerritt Island | $472K | ▲ 0% |
| diana shoresMerritt Island | $650K | ▲ -4% |
| Villa De Palmas Sykes CoveMerritt Island | $591K | ▼ 37% |
| Waterway Manor Unit 1Merritt Island | $450K | ▼ 23% |
| Waterway ManorMerritt Island | $450K | ▼ 17% |
| Egret'S ReserveMerritt Island | $734K | ▼ 12% |
| Island Pointe CondoMerritt Island | $370K | ▼ 11% |
| Diana Shores Unit No 2 Merritt IslandMerritt Island | $715K | 10 |
| Townhomes And Villas Of Diana Merritt IslandMerritt Island | $252K | 1 |
| Summer Place CondominiumMerritt Island | $160K | 14 days |
| Egret'S ReserveMerritt Island | $734K | 14 days |
| Savannahs Pud TheMerritt Island | $538K | 16 days |
| River Grove On The TrailMerritt Island | $688K | 24 days |
| Waterway Manor Unit 1Merritt Island | $450K | 24 days |
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Merritt Island right now?
The data says conditions currently favor neither side decisively in Merritt Island — the Momentum Score reads 47/100 with 4.6 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Merritt Island becoming more affordable?
Yes, modestly — the median sale price in Merritt Island is $465,000, down 0.5% versus the prior year, while sellers still capture 93.7% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
Where are prices falling fastest in Merritt Island?
Among tracked communities with enough sales to measure, the sharpest 1-year median declines are Villa De Palmas Sykes Cove (-37%); Waterway Manor Unit 1 (-23%); Waterway Manor (-17%). Note that community-level medians move on small sale counts — a few high- or low-end closings can swing them — so treat these as leads for a comp analysis, not verdicts.
Which Merritt Island neighborhoods are most competitive?
Measured by speed of sale, the fastest-moving tracked communities right now are Summer Place Condominium (14 days); Egret'S Reserve (14 days); Savannahs Pud The (16 days) — homes there go under contract well ahead of the market-wide pace of 50 days.
How does Merritt Island compare to the rest of Brevard County?
Merritt Island's median of $465,000 runs 47% above the county-wide median of $315,990, and homes here take 50 days to go under contract versus 51 county-wide.
Merritt Island housing market FAQ
What is the median home price in Merritt Island?
The median sale price in Merritt Island is currently $465,000, down 0.5% from a year ago, based on MLS sales data updated August 6, 2026.
Is Merritt Island a buyer's or seller's market right now?
The data currently is roughly balanced. Merritt Island scores 47 of 100 on the Momentum Score, with 4.6 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in Merritt Island?
The typical home in Merritt Island goes under contract in about 50 days, per current MLS data.
Are home prices in Merritt Island rising or falling?
Median sale prices are down 0.5% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Merritt Island. Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 6, 2026 at 7:18 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.