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Merritt Island, FL Real Estate & Property Data

Merritt Island Real Estate Market Trends

Last Updated: August 30, 2025

To gain insights into Merritt Island, FL’s real estate market, it is crucial to have accurate and comprehensive real estate data. ATTOM updates Merritt Island real estate data on a daily basis, providing you with the most current information. As per the latest market trends, 849 residential properties have been sold in Merritt Island, FL over the past year, with a median home price of $471,250. Additionally, 43.18% of homes in Merritt Island are equity rich, while 0.61% of homes are seriously underwater. There have been 7 foreclosure filings in the area year-to-date. To obtain detailed information on properties in Merritt Island, Florida, you can rely on ATTOM, your go-to source for Merritt Island property reports and real estate data.

Get property data for any address in Merritt Island, FL or the country:

Total Residential Properties 18,946

Total Commercial Properties 842

Avg. Home Age (Single Family Home) 45 Years

Avg. Square Feet (Single Family Home) 1,987

Total 2025 Residential Sales (year-to-date) 379

% of Homes Seriously Underwater (Q3 2025) 0.61%

Total 2024 Residential Sales 859

% of Equity Rich Homes (Q3 2025) 43.18%

Effective 2024 Property Tax 0.67%

Total Foreclosure Filings (year-to-date) 34

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Merritt Island, FL Real Estate Overview

Merritt Island, FL saw 849 residential properties being sold in the past year, with a median home value of $458,022. The city of Merritt Island has a total of 18,946 residential properties, spread across 1656 streets and 2 zip codes.

Median Sales Price i

$471,250

(Jun 2025)

-6.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $471,250
May '25 May '25 $427,500
April '25 Apr '25 $475,000
March '25 Mar '25 $485,500
February '25 Feb '25 $610,000
January '25 Jan '25 $580,000
December '24 Dec '24 $474,500
November '24 Nov '24 $382,000
October '24 Oct '24 $418,200
September '24 Sep '24 $517,000
August '24 Aug '24 $598,900
July '24 Jul '24 $464,500

Median Down Payment i

$93,000

(Jun 2025)

+47.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $93,000
May '25 May '25 $49,875
April '25 Apr '25 $72,750
March '25 Mar '25 $122,000
February '25 Feb '25 $128,500
January '25 Jan '25 $75,183
December '24 Dec '24 $58,875
November '24 Nov '24 $30,000
October '24 Oct '24 $86,400
September '24 Sep '24 $108,450
August '24 Aug '24 $99,654
July '24 Jul '24 $72,900

Number of Homes Sold i

(Jun 2025)

-10.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 70
May '25 May '25 73
April '25 Apr '25 70
March '25 Mar '25 60
February '25 Feb '25 52
January '25 Jan '25 54
December '24 Dec '24 63
November '24 Nov '24 56
October '24 Oct '24 64
September '24 Sep '24 61
August '24 Aug '24 60
July '24 Jul '24 88

Number of Purchase Loans i

(Jun 2025)

-8.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 45
May '25 May '25 46
April '25 Apr '25 45
March '25 Mar '25 40
February '25 Feb '25 34
January '25 Jan '25 32
December '24 Dec '24 47
November '24 Nov '24 42
October '24 Oct '24 39
September '24 Sep '24 37
August '24 Aug '24 36
July '24 Jul '24 59

Number of REFI Loans i

(Jun 2025)

+61.1%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 29
May '25 May '25 35
April '25 Apr '25 34
March '25 Mar '25 31
February '25 Feb '25 29
January '25 Jan '25 33
December '24 Dec '24 30
November '24 Nov '24 29
October '24 Oct '24 30
September '24 Sep '24 20
August '24 Aug '24 20
July '24 Jul '24 26

Number of HELOC Loans i

(Jun 2025)

-16.7%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 20
May '25 May '25 23
April '25 Apr '25 27
March '25 Mar '25 24
February '25 Feb '25 21
January '25 Jan '25 14
December '24 Dec '24 23
November '24 Nov '24 12
October '24 Oct '24 13
September '24 Sep '24 18
August '24 Aug '24 13
July '24 Jul '24 28

Merritt Island, FL Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value

32952

$458,022 $230.45/sqft
32953

$451,571 $229.02/sqft

Merritt Island, FL Foreclosure Activity

There were a total of 7 Merritt Island, FL properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 5 Merritt Island, FL properties and repossessed 2 Merritt Island, FL properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

+75%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years