Active Listings
417
⇩ 1.4% vs 423 last year
Population: 47,030 · Density: 316.9/mi² · Median household income: $100,792
Typical home value: $397,660 · Homeownership: 84.5%
Data as of January 2026. Source: Realtor.com.
The MELBOURNE, FL real estate market (32940) currently shows 417 active listings, with 111 pending sales. Homes are averaging 75 days on the market before going under contract.
Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 75 days on market compared to 70 days last year.
The median listing price has fallen 7.9% year-over-year, from $499,875 to $460,605.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32940 | Melbourne, FL 32940 | 0.0 mi | 417 | $240,462,633 | $460,605 | $576,649 |
| 32934 | Melbourne, FL 32934 | 6.3 mi | 74 | $51,357,998 | $562,225 | $694,027 |
| 32952 | Merritt Island, FL 32952 | 8.6 mi | 163 | $143,543,342 | $578,000 | $880,634 |
| 32931 | Cocoa Beach, FL 32931 | 10.5 mi | 256 | $164,916,224 | $479,450 | $644,204 |
| 32926 | Cocoa, FL 32926 | 12.5 mi | 108 | $47,151,504 | $361,750 | $436,588 |
| 32903 | Indialantic, FL 32903 | 12.7 mi | 142 | $106,123,274 | $649,900 | $747,347 |
| 32907 | Palm Bay, FL 32907 | 14.7 mi | 348 | $127,842,324 | $349,900 | $367,363 |
| 32905 | Palm Bay, FL 32905 | 16.0 mi | 197 | $57,038,001 | $260,000 | $289,533 |
| 32927 | Cocoa, FL 32927 | 17.3 mi | 145 | $47,053,370 | $330,000 | $324,506 |
| 32920 | Cape Canaveral, FL 32920 | 18.8 mi | 186 | $74,913,174 | $322,450 | $402,759 |
| 34771 | Saint Cloud, FL 34771 | 22.5 mi | 459 | $254,003,715 | $450,000 | $553,385 |
| 32780 | Titusville, FL 32780 | 22.8 mi | 367 | $122,428,264 | $279,000 | $333,592 |
| 32709 | Christmas, FL 32709 | 23.7 mi | 3 | $2,895,000 | $775,000 | $965,000 |
As of January 2026, there are 417 active listings in MELBOURNE, FL (zip code 32940), compared to 423 the prior year.
The median listing price in MELBOURNE, FL 32940 is $460,605 as of January 2026, a 7.9% decrease from $499,875 the prior year.
Homes in MELBOURNE, FL 32940 spend an average of 75 days on the market before going under contract, compared to 70 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MELBOURNE, FL 32940 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 75 days on market compared to 70 days last year.
With SELL123.com's maximum 3% commission, sellers in MELBOURNE, FL 32940 save an estimated $9,212 compared to a typical 5% commission on the median listing price of $460,605. 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.