Magnolia Park
Homes for Sale in Melbourne, FL
All 712 homes for sale in Melbourne, FL · median $399,250 · 100 homes for sale in 32901 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Over the 12 months ending 2026-11-08, 4 recorded sales closed at a median of $275,500, $223 per square foot, a median 32 days on market, sellers accepting 98% of original asking. At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $4,300 ($3,680 with the full homestead exemption).
Magnolia Park Replat sits at a median of $259,000, with no shared amenities pulling weight in the pricing. That means price here is driven almost entirely by the individual home - condition, size, and updates. At roughly $186 per square foot, the spread between a dated property and an updated one can be wide, and there is no HOA package or community feature doing the selling for you.
The current posture is soft. The median is down 25.5% year over year, and the market heat score of 28 reads cool. But homes are still moving in about 33 days, which is not stalled. For a buyer, that combination means room to negotiate without a bidding-war reflex. For a seller, it means pricing to the current market and presenting the home well matters more than it did a year ago.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Nearby homes for sale
No active listings inside magnolia park right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.
Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.
The 60-Second Overview
Magnolia Park market snapshot (as of November 8, 2026): the median sale price is about $276K ($223 per sq ft over the trailing 12 months of closed sales), and a median 32 days on market for closed sales.
In ZIP 32901 (Melbourne), 34 homes closed in the last 12 months at a median of $276K ($180/sq ft), with a median 52 days on market. Right now 3 active and 1 pending listings put supply at about 1.1 months - a balanced market. See the live ZIP 32901 housing market and the Brevard County market.
County records show 23 qualified sales in magnolia park across 2024 - 2025 (16 in 2024, 7 in 2025), median $240,000 - the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Magnolia Park is a community of 320 homes in Melbourne, Brevard County, built between 1905 and 2024 (median 1952), with a median living area of about 1,584 square feet. 51% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
This is a modest, home-by-home submarket in Melbourne with no community amenities to lean on, so value tracks the condition of the specific property far more than any neighborhood premium. The long arc is notable: values are up 476% since 2012, even after the recent year-over-year pullback.
Who Magnolia Park is best for.
Best for
- Budget-conscious buyers targeting the mid-$200s in Melbourne who value the home over shared amenities
- Buyers comfortable evaluating a property on condition and finishes rather than a neighborhood premium
- Long-hold owners who can ride out a soft year-over-year window
Probably not for
- Buyers who want a clubhouse, pool, or gated community feel
- Anyone needing a firm, high-confidence value in a thin, low-volume market
- Short-horizon buyers uneasy with a 25.5% year-over-year decline
The Magnolia Park buying strategy.
If we were buying in Magnolia Park today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Magnolia Park.
A condition-driven pocket in a cooling window
With amenities identified as none from current listings, there is no clubhouse, pool, or gated entry factored into these numbers. What you are buying is the house and the lot. That simplifies the math but raises the stakes on inspection and finishes - two similar-looking homes here can justify very different prices based on what has and hasn't been updated.
The recent data is thin by nature: nine closings in the measured window. A small sample means a single unusual sale can swing the median, so treat the $259,000 figure as a directional read rather than a precise line in the sand. Pair it with a walk-through of comparable condition before anchoring an offer or a list price.
The location and the amenities are priced into every listing in Magnolia Park. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a low-volume, condition-driven market like this, the median only tells you so much. We underwrite each home on its own merits - updates, systems, lot - rather than leaning on a neighborhood average that nine sales can distort. In a cooling window, that discipline is what keeps a buyer from overpaying and a seller from mispricing.
Magnolia Park in 15 seconds.
Tools for a Magnolia Park buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Magnolia Park sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Park, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Magnolia Park home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Park, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Melbourne →
| Location | Melbourne, Brevard County, FL · ZIP 32901 |
|---|---|
| Homes in the community | 320 (FL DOR 2025 assessment roll) |
| Years built | 1905–2024 (median 1952) |
| Typical living area | 1,584 sq ft (median) |
| Sale prices, last 12 months | $275,500 median across 4 closed sales · $223 per sq ft |
| Days on market (closed sales) | 32 median |
| Owner-occupied (homestead) share | 51% |
Data as of November 8, 2026. Based on information from the Space Coast MLS for the period 2026 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Magnolia Park key facts,” movewithmomentum.com/neighborhoods/magnolia-park-replat-melbourne, data as of November 8, 2026.
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Frequently Asked Questions
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Should you buy in Magnolia Park?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending November 8, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (13 streets, ZIP 32901)) |
| Under-contract shares | Space Coast MLS records, as of 2026-11-08 |
| Historical depth | Closed-sale records back to 2026 (4 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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