Magnolia Village
Homes for Sale in Melbourne, FL

Magnolia Village market snapshot (as of September 20, 2026): the median sale price is about $274K ($247 per sq ft over the trailing 12 months of closed sales), and a median 54 days on market for closed sales.

In ZIP 32901 (Melbourne), 194 homes closed in the last 12 months at a median of $290K ($202/sq ft), down 6.8% year over year, with a median 54 days on market. Right now 10 active and 5 pending listings put supply at about 3.4 months — a balanced market. See the live ZIP 32901 housing market and the Brevard County market.

Space Coast MLS sales records identify 64 homes in Magnolia Village that have changed hands since 2004, built between 1992 and 2004 (median 2000), with a median living area of about 1,180 sq ft and a typical 3-bedroom, 2-bath layout; 91% are single-family homes. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

This is a modest, amenity-free enclave in Brevard County where the home itself — not a clubhouse or gated entry — is the whole value proposition, so condition and square-foot efficiency carry the pricing.

Because no community amenities show up in current MLS listings, there is nothing here to smooth over a dated interior or a deferred-maintenance list. The spread in what homes fetch will come down to renovations, layout, and how the square footage lives — the $247 per square foot median is a useful anchor, but individual homes can sit above or below it depending purely on their own merits.

The 54-day median means this is not a market where you need to make a same-day decision, and it is not one where a seller can count on a bidding war to bail out an aggressive list price. Both sides benefit from doing the homework: buyers on comparable finishes, sellers on realistic pricing against the median.

In a small, amenity-free community, pricing lives or dies on how well you read one home against the next, and a thin closings window means every recent sale matters. We work the per-square-foot math and the condition story listing by listing so you are anchored to the $273,900 median for what it is worth — and know exactly where a specific home should land relative to it.

Listings in this community report association dues of about $42 per month ($504 a year) — the median AssociationFee across 21 MLS records, normalised to a monthly figure; most are billed quarterly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.