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MERRITT ISLAND, FL 32953

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

Market Analysis

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

The MERRITT ISLAND, FL real estate market (32953) currently shows 174 active listings, with 49 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 62 days on market compared to 56 days last year.

The median listing price has fallen 12.4% year-over-year, from $499,000 to $437,250.

Whether you are buying or selling in MERRITT ISLAND, 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: 24,924  ·  Density: 242.1/mi²  ·  Median household income: $80,537

Typical home value: $354,433  ·  Homeownership: 74.6%

Market Overview

Active Listings
174
⇩ 10.3% vs 194 last year
Pending
49
28% pending ratio
Median Price
$437,250
⇩ 12.4% vs $499,000 last year
Average Price
$481,755
⇩ 15.9% vs $572,566 last year
Days on Market
62
⇧ 10.7% vs 56 days last year

Price Per Square Foot

Median $/sqft
$230
⇩ 15.4% vs $272/sqft last year
Median Home Size
1,736 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 174 this year vs 194 last year
  • Days on market: 62 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $437,250 (-12.4% YoY)
  • Average: $481,755 (-15.9% 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 29.3 miles — 2,965 listings ($1,566,778,956 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32953Merritt Island, FL 329530.0 mi172$87,112,840$462,250$506,470
32927Cocoa, FL 329276.6 mi157$51,540,745$325,000$328,285
32780Titusville, FL 327808.1 mi399$140,037,030$274,800$350,970
32952Merritt Island, FL 329529.8 mi171$152,546,535$574,000$892,085
32955Rockledge, FL 3295512.1 mi284$165,083,804$386,250$581,281
32940Melbourne, FL 3294016.8 mi461$265,052,411$450,000$574,951
32937Satellite Beach, FL 3293720.2 mi237$154,129,632$513,750$650,336
32935Melbourne, FL 3293521.8 mi273$93,803,892$289,450$343,604
32833Orlando, FL 3283323.3 mi62$49,031,956$724,950$790,838
32901Melbourne, FL 3290126.5 mi178$79,496,936$326,225$446,612
32820Orlando, FL 3282027.1 mi36$32,322,060$675,000$897,835
34771Saint Cloud, FL 3477128.7 mi520$286,497,120$460,950$550,956
32759Oak Hill, FL 3275929.3 mi15$10,123,995$667,500$674,933

Frequently Asked Questions

How many homes are for sale in MERRITT ISLAND, FL 32953?

As of March 2026, there are 174 active listings in MERRITT ISLAND, FL (zip code 32953), compared to 194 the prior year.

What is the median home price in MERRITT ISLAND, FL 32953?

The median listing price in MERRITT ISLAND, FL 32953 is $437,250 as of March 2026, a 12.4% decrease from $499,000 the prior year.

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

Homes in MERRITT ISLAND, FL 32953 spend an average of 62 days on the market before going under contract, compared to 56 days the prior year.

Is it a seller's or buyer's market in MERRITT ISLAND, FL 32953?

Based on current inventory and days-on-market data as of March 2026, MERRITT ISLAND, FL 32953 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 62 days on market compared to 56 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MERRITT ISLAND, FL 32953 save an estimated $8,745 compared to a typical 5% commission on the median listing price of $437,250. 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.