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Merritt Island, FL Real Estate & Property Data

Merritt Island Real Estate Market Trends

Last Updated: September 20, 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, 840 residential properties have been sold in Merritt Island, FL over the past year, with a median home price of $399,950. Additionally, 41.35% of homes in Merritt Island are equity rich, while 0.74% of homes are seriously underwater. There have been 9 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.

Merritt Island Real Estate Market Trends

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

Total Residential Properties 18,948

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) 448

% of Homes Seriously Underwater (Q3 2025) 0.74%

Total 2024 Residential Sales 859

% of Equity Rich Homes (Q3 2025) 41.35%

Effective 2024 Property Tax 0.71%

Total Foreclosure Filings (year-to-date) 43

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Merritt Island, FL Real Estate Overview

Merritt Island, FL saw 840 residential properties being sold in the past year, with a median home value of $433,509. The city of Merritt Island has a total of 18,948 residential properties, spread across 1299 streets and 2 zip codes.

Median Sales Price i

$399,950

(Jul 2025)

-13.9%

year-over-year

y-o-y

July '25 Jul '25 $399,950
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

Median Down Payment i

$77,850

(Jul 2025)

+6.8%

year-over-year

y-o-y

July '25 Jul '25 $77,850
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

Number of Homes Sold i

68

(Jul 2025)

-22.7%

year-over-year

y-o-y

July '25 Jul '25 68
June '25 Jun '25 70
May '25 May '25 73
April '25 Apr '25 71
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

Number of Purchase Loans i

44

(Jul 2025)

-25.4%

year-over-year

y-o-y

July '25 Jul '25 44
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

Number of REFI Loans i

32

(Jul 2025)

+23.1%

year-over-year

y-o-y

July '25 Jul '25 32
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

Number of HELOC Loans i

24

(Jul 2025)

-14.3%

year-over-year

y-o-y

July '25 Jul '25 24
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

Merritt Island, FL Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value

32952

$433,509 $218.12/sqft
32953

$424,033 $215.06/sqft

Merritt Island, FL Foreclosure Activity

There were a total of 9 Merritt Island, FL properties with a foreclosure filing in July 2025.

Total Foreclosure Filings i

9

(Jul 2025)

year-over-year

y-o-y

July '25 Jul '25 9
June '25 Jun '25 7
May '25 May '25 4
April '25 Apr '25 10
March '25 Mar '25 4
February '25 Feb '25 2
January '25 Jan '25 7
December '24 Dec '24 3
November '24 Nov '24 3
October '24 Oct '24 5
September '24 Sep '24 5
August '24 Aug '24 9

Foreclosure Starts i

7

(Jul 2025)

+16.7%

year-over-year

y-o-y

July '25 Jul '25 7
June '25 Jun '25 5
May '25 May '25 3
April '25 Apr '25 5
March '25 Mar '25 4
February '25 Feb '25 1
January '25 Jan '25 4
December '24 Dec '24 2
November '24 Nov '24 2
October '24 Oct '24 2
September '24 Sep '24 5
August '24 Aug '24 5

Completed Foreclosures (REOs) i

July '25 Jul '25 N/A
June '25 Jun '25 2
May '25 May '25 2
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 2
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 1
August '24 Aug '24 1

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