Photo: Sallicio · Public domain615 homes sold in Merritt Island in the last year, at a typical $434K
About one sale in 5 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 Merritt Island homes are listed.
Every place Merritt Island 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 Merritt Island.
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.
18% of Merritt Island’s sales are condos, at $253K less than a house
463 houses and 102 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 463 sold in the year to May 2026
- Per square foot
- $256FL $245
- Days to sell
- 78
- Sold over asking
- 9%
- Listings with a price cut
- 34%
typical sale · 102 sold in the year to May 2026
- Per square foot
- $181FL $262
- Days to sell
- 105
- Sold over asking
- 3%
- Listings with a price cut
- 28%
Multi-family (2–4 units): 1 sold, typical $390K
Townhouses: 11 sold, typical $278K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at twice the 2016 price
615 sales in the last year, against 920 in 2021 and a low of 558 in 2025. The typical sale went from $220K in 2016 to $434K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $450K buys in Merritt Island
Check a listing against what Merritt Island 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 Merritt Island are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Merritt Island’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 September 2026, 615 sales.
If you’re buying in Merritt Island
- Shop in January. It brings about 81 new listings a month, close to the busiest month, with fewer bidding wars (13% over asking).
- Offer under asking. Buyers paid 95.7% of the list price on average; 7% paid over.
- You’ll usually have time. Only 23% of homes go under contract within two weeks; the typical one takes 77 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 85 a month), and the most competition: 18% close over asking. January and February offer nearly as much choice with fewer homes bid up (13%). November has the least competition (11%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| Merritt Island now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 7% | 10% | 28% | 9% |
| Gone within two weeksShare of homes under contract within 14 days | 23% | 2% | 50% | 21% |
| Price paid vs. askingAverage sale price ÷ list price | 95.7% | 96.2% | 98.5% | 96.4% |
| Days to sellMedian days from listing to contract | 77 | 73 | 50 | 75 |
218 homes for sale on a typical day
That’s 1.2 times the 2022 low (178), 23% fewer than in 2017–19 and well under 2018’s 306.
Since 2019, houses are up 61%, condos 34%
A house typically sold for $479K in the year to May 2026 (463 sales), a condo for $226K (102).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Merritt Island ranks 337th of 542 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Merritt Island is in the middle of the pack.
Source: Redfin Data Center, city figures, January 2015 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Merritt Island home costs about $2,494 a month
Price: Merritt Island’s typical sale, last 12 months. Property tax at Merritt Island’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Merritt Island is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 49.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $434K home, about $2,760 a year.
Taxes vs. neighborsSchools
The schools grade for Merritt Island, from test results, graduation and how much students grow.
Schools in Merritt IslandTypical commute
The average one-way trip to work for people who live in Merritt Island.
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.
Rockledge, Viera East, Cocoa West and Cocoa sell for less a square foot; Cocoa Beach for far more
The busier markets within 25 miles of Merritt Island, 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 | |
|---|---|---|---|---|---|
| Merritt Island | 615 | $434K | $245 | 7% | 77 |
| Rockledge | 530 | $353K | $210 | 8% | 58 |
| Viera West | 443 | $574K | $260 | 6% | 77 |
| Cocoa Beach | 409 | $467K | $327 | 4% | 85 |
| Cocoa | 267 | $273K | $189 | 12% | 65 |
| Viera East | 233 | $407K | $223 | 11% | 66 |
| Cocoa West | 33 | $209K | $182 | 3% | 68 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Merritt Island, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Merritt Island. People who follow the town see it, and so do people comparing Merritt Island with their own town. No commission, no listing fee.
Questions about buying a home in Merritt Island
What do homes sell for in Merritt Island, FL?
615 homes sold in the year to September 2026 at a typical $434K, $245 a square foot. Houses sold for about $479K, condos for about $226K in the year to May 2026.
Is Merritt Island a buyer’s or seller’s market?
A seller’s market: 180 homes were for sale in September 2026 and 54 sold, about 3.3 months of supply. Buyers paid 95.7% of asking on average.
When is the best time to buy in Merritt Island?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Merritt Island?
About 0.6% of a home’s value a year. On a $434K home that’s near $2,760.
Where can I see homes for sale in Merritt Island?
Zillow, Redfin, Realtor.com and Homes.com all carry Merritt Island’s MLS listings; the search links above open each one filtered to Merritt Island.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). 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).