Photo: Excel23, Michael Seeley from Melbourne, FL, United States · CC BY 2.01,271 homes sold in Melbourne in the last year, at a typical $311K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Melbourne homes are listed.
Every place Melbourne homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Melbourne.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
11% of Melbourne’s sales are condos, at $167K less than a house
978 houses and 138 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 978 sold in 12 months
- Per square foot
- $214FL $245
- Days to sell
- 60
- Sold over asking
- 10%
- Listings with a price cut
- 34%
typical sale · 138 sold in 12 months
- Per square foot
- $154FL $262
- Days to sell
- 110
- Sold over asking
- 3%
- Listings with a price cut
- 29%
Multi-family (2–4 units): 8 sold, typical $615K
Townhouses: 147 sold, typical $295K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at twice the 2016 price
1,271 sales in the last year, against 1,870 in 2021 and a low of 1,195 in 2024. The typical sale went from $158K in 2016 to $311K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Melbourne
Check a listing against what Melbourne homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Melbourne are back to pre-pandemic levels, with about as many homes for sale
We read every month of Melbourne’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,271 sales.
If you’re buying in Melbourne
- Shop in January. It brings about 164 new listings a month, close to the busiest month, with fewer bidding wars (13% over asking).
- You can negotiate. 32% of listings have cut their price, against 1% before the pandemic.
- Offer under asking. Buyers paid 96.1% of the list price on average; 9% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 64 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 182 a month), but June is the most competitive: 22% of June sales close over asking. January and February offer nearly as much choice with fewer homes bid up (13%). December has the least competition (13%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| Melbourne now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 9% | 12% | 33% | 10% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 3% | 57% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 32% | 1% | 12% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 96.1% | 97% | 99.2% | 96.3% |
| Days to sellMedian days from listing to contract | 64 | 65 | 47 | 76 |
459 homes for sale on a typical day
That’s 1.6 times the 2022 low (290) and about the 2017–19 level.
1 in 3 listings has cut its price
32% in the last year, against 1% in 2017–19 and 28% across Florida. More sellers are pricing high and coming down.
Since 2019, houses are up 53%, condos 46%
A house typically sold for $331K in the last year (978 sales), a condo for $164K (138).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Melbourne ranks 292nd of 534 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Melbourne is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2015 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Melbourne home costs about $1,798 a month
Price: Melbourne’s typical sale, last 12 months. Property tax at Melbourne’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Melbourne is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 114.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $311K home, about $2,110 a year.
Taxes vs. neighborsSchools
The schools grade for Melbourne, from test results, graduation and how much students grow.
Schools in MelbourneTypical commute
The average one-way trip to work for people who live in Melbourne.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Indian Harbour Beach, Indialantic, Satellite Beach and Melbourne Beach for far more
The busier markets within 25 miles of Melbourne, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Melbourne | 1,271 | $311K | $206 | 9% | 64 |
| West Melbourne | 435 | $398K | $202 | 10% | 71 |
| Satellite Beach | 233 | $553K | $301 | 10% | 81 |
| Indian Harbour Beach | 216 | $473K | $260 | 6% | 75 |
| Melbourne Beach | 80 | $605K | $336 | 6% | 91 |
| Indialantic | 69 | $677K | $359 | 4% | 78 |
| June Park | 62 | $371K | $223 | 13% | 51 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Melbourne, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Melbourne. People who follow the town see it, and so do people comparing Melbourne with their own town. No commission, no listing fee.
Questions about buying a home in Melbourne
What do homes sell for in Melbourne, FL?
1,271 homes sold in the year to May 2026 at a typical $311K, $206 a square foot. Houses sold for about $331K, condos for about $164K.
Is Melbourne a buyer’s or seller’s market?
A seller’s market: 412 homes were for sale in May 2026 and 113 sold, about 3.6 months of supply. Buyers paid 96.1% of asking on average, and 32% of listings cut their price.
When is the best time to buy in Melbourne?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Melbourne?
About 0.7% of a home’s value a year. On a $311K home that’s near $2,110.
Where can I see homes for sale in Melbourne?
Zillow, Redfin, Realtor.com and Homes.com all carry Melbourne’s MLS listings; the search links above open each one filtered to Melbourne.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).