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Melbourne, FL 32940 Real Estate & Property Data

Melbourne, FL 32940 Real Estate Market Trends
Last Updated: August 30, 2025

A total of 1,108 residential properties have been sold over the past 12 months in 32940. With a median sales price of $540,000 in 32940 and a total of 7 foreclosures in Melbourne, FL 32940. Discover market trends and get the granular level real estate data for Melbourne, FL 32940 to keep your pulse on the housing market. Curate compelling home reports for Melbourne, FL 32940 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Melbourne, FL 32940 Real Estate Market Trends
Get property data for any address in Melbourne, FL 32940 or the country:
Total Residential Properties 20,786
Total Commercial Properties 757
Avg. Home Age (Single Family Home) 21 Years
Avg. Square Feet (Single Family Home) 2,284
Total 2025 Residential Sales (year-to-date) 537
% of Homes Seriously Underwater (Q3 2025) 0.39%
Total 2024 Residential Sales 998
% of Equity Rich Homes (Q3 2025) 43.32%
Effective 2024 Property Tax 0.75%
Total Foreclosure Filings (year-to-date) 45
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Melbourne, FL 32940 Real Estate Overview

There were 1,108 residential properties sold in the past year in Melbourne, FL 32940. The median home value in Melbourne, FL 32940 is $514,351. There are a total of 20,786 residential properties in the 32940.

Median Sales Price i
$540,000
(Jun 2025)
-0.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $540,000
  • May '25 May '25 $622,500
  • April '25 Apr '25 $642,000
  • March '25 Mar '25 $600,000
  • February '25 Feb '25 $540,000
  • January '25 Jan '25 $565,000
  • December '24 Dec '24 $517,450
  • November '24 Nov '24 $550,000
  • October '24 Oct '24 $512,500
  • September '24 Sep '24 $610,000
  • August '24 Aug '24 $551,600
  • July '24 Jul '24 $487,000
Median Down Payment i
$90,000
(Jun 2025)
-34.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $90,000
  • May '25 May '25 $150,000
  • April '25 Apr '25 $121,299
  • March '25 Mar '25 $108,300
  • February '25 Feb '25 $99,680
  • January '25 Jan '25 $141,000
  • December '24 Dec '24 $113,050
  • November '24 Nov '24 $90,000
  • October '24 Oct '24 $100,000
  • September '24 Sep '24 $150,000
  • August '24 Aug '24 $117,000
  • July '24 Jul '24 $100,725
Number of Homes Sold i
118
(Jun 2025)
+38.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 118
  • May '25 May '25 106
  • April '25 Apr '25 87
  • March '25 Mar '25 90
  • February '25 Feb '25 71
  • January '25 Jan '25 65
  • December '24 Dec '24 78
  • November '24 Nov '24 66
  • October '24 Oct '24 78
  • September '24 Sep '24 79
  • August '24 Aug '24 95
  • July '24 Jul '24 90
Number of Purchase Loans i
75
(Jun 2025)
+44.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 75
  • May '25 May '25 62
  • April '25 Apr '25 48
  • March '25 Mar '25 53
  • February '25 Feb '25 52
  • January '25 Jan '25 61
  • December '24 Dec '24 81
  • November '24 Nov '24 79
  • October '24 Oct '24 55
  • September '24 Sep '24 42
  • August '24 Aug '24 63
  • July '24 Jul '24 47
Number of REFI Loans i
25
(Jun 2025)
+19%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 25
  • May '25 May '25 38
  • April '25 Apr '25 30
  • March '25 Mar '25 32
  • February '25 Feb '25 36
  • January '25 Jan '25 39
  • December '24 Dec '24 43
  • November '24 Nov '24 35
  • October '24 Oct '24 48
  • September '24 Sep '24 29
  • August '24 Aug '24 28
  • July '24 Jul '24 30
Number of HELOC Loans i
16
(Jun 2025)
-15.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 16
  • May '25 May '25 32
  • April '25 Apr '25 28
  • March '25 Mar '25 24
  • February '25 Feb '25 20
  • January '25 Jan '25 20
  • December '24 Dec '24 24
  • November '24 Nov '24 11
  • October '24 Oct '24 21
  • September '24 Sep '24 22
  • August '24 Aug '24 29
  • July '24 Jul '24 25

Melbourne, FL 32940 Real Estate Market Overview

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Melbourne, FL 32940 Foreclosure Activity

There were a total of 7 Melbourne, FL 32940 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i
7
(Jun 2025)
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 7
  • May '25 May '25 7
  • April '25 Apr '25 14
  • March '25 Mar '25 6
  • February '25 Feb '25 6
  • January '25 Jan '25 5
  • December '24 Dec '24 10
  • November '24 Nov '24 7
  • October '24 Oct '24 5
  • September '24 Sep '24 2
  • August '24 Aug '24 3
  • July '24 Jul '24 6
Foreclosure Starts i
6
(Jun 2025)
+20%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 6
  • May '25 May '25 6
  • April '25 Apr '25 12
  • March '25 Mar '25 5
  • February '25 Feb '25 4
  • January '25 Jan '25 2
  • December '24 Dec '24 10
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 1
  • August '24 Aug '24 2
  • July '24 Jul '24 5
Completed Foreclosures (REOs) i
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 1
  • March '25 Mar '25 N/A
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 N/A
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