Melbourne, FL housing market

The median sale price in Melbourne, FL was $315K in May 2026, essentially flat year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $312K, easing from $317K across the three months before that. That puts prices 6.2% below the strongest three-month stretch on record here, which ended in Jul 2022 at $332K. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $360K for Jun 2026, down 2.2% year over year.

Buyers had 412 homes to choose from in May 2026, down 23.3% year over year (Redfin). At the current sales pace that standing inventory works out to 3.6 months of supply; convention treats four to six months as a balanced market, which puts Melbourne, FL on the sellers' side of that line. 139 homes came to market in May 2026, down 18.7% year over year, against 113 closings, up 3.7% year over year. Homes that sold in May 2026 took a median of 55 days to go under contract, in line with this market's usual May pace.

Competition is measurable in the closings themselves: 6% settled above asking, and the average sale landed at 96% of its final list price. 34% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Melbourne, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.