In Melbourne, 59% of active listings have already cut their price, one of the highest shares in Brevard. Asking prices are catching up to what buyers are actually paying.

September brought 95 closings at a median of $337,500. This report covers Melbourne on its own; Viera and Suntree have their own monthly reports.

Melbourne market snapshot, September 2026

Measure September 2026
Closed sales 95
Median sale price $337,500
Median price per sq ft $224
Median sale-to-list 97.7%
Sales within 5% of list price 79%
Median days on market 39
Active listings 408
Pending sales 69
Months of inventory about 4.3
Active listings with a price cut 59%
Cash purchases 34%
Monthly principal and interest on $337,500 (20% down, 7.03%) $1,802

Condos vs. single-family homes

  Condos and townhomes Single-family
Closed sales 14 81
Median sale price $167,000 $361,500
Median price per sq ft $158 $230
Median sale-to-list (final price) 98.2% 97.6%
Median sale vs. original asking 94.3% 96.1%
Median days on market 38 39
Active listings / median asking 104 / $264,500 304 / $370,250

Single-family homes made up 81 of the 95 sales, at a median of $361,500. Condos and townhomes closed at $167,000, giving buyers an entry point well under the Brevard-wide median of $355,000.

Condo supply is deep for the pace of sales: 104 active listings against 14 September closings, with condo sellers closing at 94.3% of original asking.

How Melbourne compares nearby

Town Median sale Price per sq ft Days on market Closed
Indialantic $786,750 $315 30 22
Viera $575,000 $256 34 82
Suntree $535,000 $224 64 12
Satellite Beach $505,000 $291 62 24
West Melbourne $417,845 $214 18 16
Melbourne $337,500 $224 39 95
Palm Bay $324,995 $190 35 214

Buying in Melbourne this month

You have room to negotiate on homes that have been sitting. With 59% of listings reduced and about 4.3 months of inventory, ask what the seller has already given up and why.

Concessions showed up in 32% of sales, at a median of $5,564. That's money toward closing costs or a rate buydown.

Principal and interest on the $337,500 median runs about $1,802 a month at 7.03% with 20% down. Taxes, insurance and any association fees are on top of that.

Selling in Melbourne this month

Well-priced homes still sell: 79% of September sales closed within 5% of list, and 23 went under contract within a week.

Overpricing is what costs you. The median sale landed at 95.5% of original asking, and 241 of 408 active listings have cut at least once. Start where the market is and you avoid the reductions.

Search Melbourne by type

All Melbourne homes for sale · Melbourne condos · Melbourne waterfront homes · Melbourne pool homes · Melbourne new construction homes · Melbourne 55+ homes · Melbourne luxury homes · Melbourne homes under $350K · Melbourne lots and land · Melbourne multi-family homes · Melbourne golf course homes

Neighborhoods with September sales

Live Oak · Glen Ridge · Country Club Colony · Grand Haven · Veranda Place · Pineapple House Condominium · Crown Heights · Leewood Forest · Manchester Lakes · Pineda Ridge · Ixora Park · Eagle Lake East · Bowe Gardens · Colony West · Lake Crest

More on Melbourne

Weighing a move? Start with Pros and Cons of Living in Melbourne, Florida. For more detail, see Top Real Estate Agent in Melbourne, FL for Sellers and Living Near Historic Downtown Melbourne, FL: A Buyer's Guide. Earlier Melbourne market updates: Melbourne FL Real Estate Market Update (September 2026), Melbourne FL Real Estate Market Update (July 2026). Browse every listing on the Melbourne homes for sale page.

Frequently asked questions

What is the median home price in Melbourne, FL?

$337,500 in September 2026, across 95 closings, at a median of $224 per square foot.

How long do homes take to sell in Melbourne?

The median was 39 days on market in September. 79% of sales closed within 5% of their final list price.

Are Melbourne home prices dropping?

Asking prices are adjusting. 59% of active listings have cut their price, and the median sale closed at 95.5% of original asking. Homes priced right still close near list.

How much is a condo in Melbourne, FL?

Condos and townhomes closed at a median of $167,000 in September.

Is Melbourne a buyer's or seller's market?

At about 4.3 months of inventory, it's a market that leans toward buyers. 59% of active listings have had at least one price cut.

How many homes are for sale in Melbourne?

408 active listings at the end of September, plus 69 under contract.

Thinking about Melbourne?

If you're weighing Melbourne against the rest of Brevard County, my partner Nichole and I got your back. Reach out anytime at (321) 212-7676 or www.livingspacecoast.com.

Sources: Space Coast MLS residential data for Melbourne, excluding Viera and Suntree (MLS areas 216, 217 and 218), closings September 1 to 30, 2026; active and pending as of September 30, 2026. Mortgage rate: Freddie Mac Primary Mortgage Market Survey, September 24, 2026.