Magnolia Springs
Homes for Sale in Melbourne, FL
All 713 homes for sale in Melbourne, FL · median $390,000 · 271 homes for sale in 32940 · Brevard County homes for sale
True comps, carrying-cost math, and listings before the portals.
Market Heat
Over the 12 months ending 2026-09-20, 9 recorded sales closed at a median of $435,000, $233 per square foot, a median 46 days on market, sellers accepting 96% of original asking (+7% versus the prior year). At the median price and Brevard County's FY2025-26 rate of 15.6 mills, annual property tax runs about $6,790 ($6,170 with the full homestead exemption).
| Location | Melbourne, Brevard County, FL · ZIP 32940 |
|---|---|
| Homes in the community | 232 (FL DOR 2025 assessment roll) |
| Years built | 1998–2003 (median 2000.0) |
| Typical living area | 2,489 sq ft (median) |
| Sale prices, last 12 months | $435,000 median across 9 closed sales · $233 per sq ft · +7.4% vs the prior 12 months |
| Days on market (closed sales) | 46 median |
| Owner-occupied (homestead) share | 75% |
Data as of September 20, 2026. Based on information from the Space Coast MLS for the period 2004 through 2026; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Magnolia Springs key facts,” movewithmomentum.com/neighborhoods/magnolia-springs--brevard, data as of September 20, 2026.
Magnolia Springs right now
🟡 Still climbing. The trailing-12-month median ($435K) is up 7.4% from the prior 12 months ($405K) and up 170% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (9 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 21, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
Nearby homes for sale
No active listings inside Magnolia Springs 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 Springs market snapshot (as of September 20, 2026): the median sale price is about $435K ($233 per sq ft over the trailing 12 months of closed sales), and a median 46 days on market for closed sales. The trailing-12-month median is up 7% from the prior 12 months and up 170% since 2012, computed from record-level Space Coast MLS closed sales (9 closings in the current window).
In ZIP 32940 (Melbourne), 1,061 homes closed in the last 12 months at a median of $405K ($219/sq ft), up 0.4% year over year, with a median 40 days on market. Right now 150 active and 54 pending listings put supply at about 3.0 months — a balanced market. See the live ZIP 32940 housing market and the Brevard County market.
County records show 13 qualified sales in Magnolia Springs across 2024–2025 (10 in 2024, 3 in 2025), median $405,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Magnolia Springs is a community of 232 homes in Melbourne, Brevard County, built between 1998 and 2003 (median 2000.0), with a median living area of about 2,489 square feet. 75% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($435K) IS the median in the snapshot above, and the move from 2025 ($405K) IS the +7.4% one-year change.
Windows contain 5 to 21 sales each (9 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period 2004 through 2026. Deemed reliable but not guaranteed.
34% of homes for sale in ZIP 32940 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
The Magnolia Springs buying strategy.
If we were buying in Magnolia Springs 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 Springs.
A closer look at the Magnolia Springs market
At a median of $233 per square foot, Magnolia Springs prices sit in a fairly defined band, so condition and updates — more than the list price — tend to separate one home from the next.
The trailing-12-month median up 7% year over year. Homes that do trade take a median 46 days on market, useful leverage on any listing that has lingered.
The housing stock is 232 homes built between 1998 and 2003, and 75% of parcels are homesteaded — the owner-occupancy proxy in the Florida DOR assessment roll.
The location and the amenities are priced into every listing in Magnolia Springs. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Magnolia Springs buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (8.1). Basis: Long-Term Appreciation +170% since 2012; Recent Direction +7.4% year-over-year; Owner Commitment 75% owner-occupied; Pricing Power 96.0% sale-to-list. Refreshed with each data update.
HOA, CDD & Fees
- HOA status not on record. Verify any dues before you offer
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Magnolia Springs 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 Springs sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Magnolia Springs, 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 Springs home worth?
Get a no-obligation home value based on real comparable sales in Magnolia Springs, 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 →
Frequently Asked Questions
What is the median home price in Magnolia Springs?
How long do homes in Magnolia Springs take to sell?
How many homes are in Magnolia Springs?
What share of Magnolia Springs is owner-occupied?
When were the homes in Magnolia Springs built?
Have Magnolia Springs home prices gone up?
Who is the best real estate agent for Magnolia Springs?
How do I find a top Melbourne real estate agent who knows Magnolia Springs?
Can Momentum Realty connect me with an agent for Magnolia Springs?
Where is Magnolia Springs, and what county is it in?
Is Magnolia Springs a good place to live?
Data sources & freshness
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (3 streets, ZIP 32940)) |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2004 (267 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.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
What’s your home worth in your area?
A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Magnolia Springs fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Magnolia Springs with Momentum Realty’s local guides.