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MELBOURNE, FL 32934

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MELBOURNE, FL real estate market (32934) currently shows 82 active listings, with 28 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 49 days on market compared to 59 days last year.

The median listing price has fallen 8.1% year-over-year, from $599,900 to $551,300.

Whether you are buying or selling in MELBOURNE, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 18,030  ·  Density: 303.7/mi²  ·  Median household income: $99,758

Typical home value: $355,935  ·  Homeownership: 89.2%

Market Overview

Active Listings
82
⇩ 14.6% vs 96 last year
Pending
28
34% pending ratio
Median Price
$551,300
⇩ 8.1% vs $599,900 last year
Average Price
$725,938
⇧ 13.1% vs $641,737 last year
Days on Market
49
⇩ 16.9% vs 59 days last year

Price Per Square Foot

Median $/sqft
$267
⇧ 1.5% vs $263/sqft last year
Median Home Size
2,246 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 82 this year vs 96 last year
  • Days on market: 49 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $551,300 (-8.1% YoY)
  • Average: $725,938 (+13.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.4 miles — 3,091 listings ($1,562,892,333 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32934Melbourne, FL 329340.0 mi77$57,537,018$570,613$747,234
32940Melbourne, FL 329406.3 mi461$265,052,411$450,000$574,951
32901Melbourne, FL 329016.7 mi178$79,496,936$326,225$446,612
32907Palm Bay, FL 329078.5 mi367$135,348,499$349,997$368,797
32904Melbourne, FL 329049.9 mi187$80,800,269$425,000$432,087
32908Palm Bay, FL 3290812.4 mi301$114,076,291$359,975$378,991
32950Malabar, FL 3295013.7 mi25$18,758,250$675,000$750,330
32909Palm Bay, FL 3290916.3 mi509$190,442,350$354,923$374,150
32951Melbourne Beach, FL 3295117.1 mi193$207,179,131$740,750$1,073,467
32949Grant, FL 3294917.8 mi47$34,436,994$609,725$732,702
32976Sebastian, FL 3297621.7 mi35$14,278,250$380,990$407,950
32920Cape Canaveral, FL 3292022.8 mi191$78,988,814$319,675$413,554
34771Saint Cloud, FL 3477126.4 mi520$286,497,120$460,950$550,956

Frequently Asked Questions

How many homes are for sale in MELBOURNE, FL 32934?

As of March 2026, there are 82 active listings in MELBOURNE, FL (zip code 32934), compared to 96 the prior year.

What is the median home price in MELBOURNE, FL 32934?

The median listing price in MELBOURNE, FL 32934 is $551,300 as of March 2026, a 8.1% decrease from $599,900 the prior year.

How long do homes stay on the market in MELBOURNE, FL?

Homes in MELBOURNE, FL 32934 spend an average of 49 days on the market before going under contract, compared to 59 days the prior year.

Is it a seller's or buyer's market in MELBOURNE, FL 32934?

Based on current inventory and days-on-market data as of March 2026, MELBOURNE, FL 32934 is currently a Seller's Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 49 days on market compared to 59 days last year.

How much can I save on real estate commission in MELBOURNE, FL?

With SELL123.com's maximum 3% commission, sellers in MELBOURNE, FL 32934 save an estimated $11,026 compared to a typical 5% commission on the median listing price of $551,300. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.