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MELBOURNE BEACH, FL 32951

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The MELBOURNE BEACH, FL real estate market (32951) currently shows 186 active listings, with 36 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 43 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 79 days on market compared to 64 days last year.

The median listing price has fallen 6.3% year-over-year, from $799,000 to $749,000.

Whether you are buying or selling in MELBOURNE BEACH, 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: 11,516  ·  Density: 546.5/mi²  ·  Median household income: $80,411

Typical home value: $450,292  ·  Homeownership: 85.4%

Market Overview

Active Listings
186
⇩ 18.8% vs 229 last year
Pending
36
19% pending ratio
Median Price
$749,000
⇩ 6.3% vs $799,000 last year
Average Price
$1,137,660
⇧ 12.2% vs $1,013,627 last year
Days on Market
79
⇧ 23.4% vs 64 days last year

Price Per Square Foot

Median $/sqft
$370
⇩ 4.6% vs $388/sqft last year
Median Home Size
2,021 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 186 this year vs 229 last year
  • Days on market: 79 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $749,000 (-6.3% YoY)
  • Average: $1,137,660 (+12.2% 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 27.0 miles — 2,741 listings ($1,486,263,322 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32951Melbourne Beach, FL 329510.0 mi193$207,179,131$740,750$1,073,467
32950Malabar, FL 329504.0 mi25$18,758,250$675,000$750,330
32905Palm Bay, FL 329057.2 mi211$62,169,462$262,473$294,642
32901Melbourne, FL 3290110.5 mi178$79,496,936$326,225$446,612
32903Indialantic, FL 3290311.2 mi151$112,241,320$695,000$743,320
32958Sebastian, FL 3295811.6 mi291$160,717,554$396,749$552,294
32948Fellsmere, FL 3294815.2 mi25$18,795,225$697,750$751,809
32934Melbourne, FL 3293417.1 mi77$57,537,018$570,613$747,234
32967Vero Beach, FL 3296717.3 mi489$308,978,073$455,800$631,857
32966Vero Beach, FL 3296622.2 mi247$96,868,460$348,000$392,180
32960Vero Beach, FL 3296023.1 mi227$97,254,972$289,500$428,436
32931Cocoa Beach, FL 3293126.0 mi277$174,502,521$477,450$629,973
32962Vero Beach, FL 3296227.0 mi350$91,764,400$224,950$262,184

Frequently Asked Questions

How many homes are for sale in MELBOURNE BEACH, FL 32951?

As of March 2026, there are 186 active listings in MELBOURNE BEACH, FL (zip code 32951), compared to 229 the prior year.

What is the median home price in MELBOURNE BEACH, FL 32951?

The median listing price in MELBOURNE BEACH, FL 32951 is $749,000 as of March 2026, a 6.3% decrease from $799,000 the prior year.

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

Homes in MELBOURNE BEACH, FL 32951 spend an average of 79 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in MELBOURNE BEACH, FL 32951?

Based on current inventory and days-on-market data as of March 2026, MELBOURNE BEACH, FL 32951 is currently a Balanced Market. Inventory has tightened compared to last year, with 43 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 79 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MELBOURNE BEACH, FL 32951 save an estimated $14,980 compared to a typical 5% commission on the median listing price of $749,000. 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.