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MELBOURNE, FL 32904

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MELBOURNE, FL real estate market (32904) currently shows 187 active listings, with 48 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has tightened compared to last year, with 21 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 57 days on market compared to 55 days last year.

The median listing price has fallen 0% year-over-year, from $425,000 to $425,000.

Whether you are buying or selling in MELBOURNE, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 36,556  ·  Density: 65.0/mi²  ·  Median household income: $85,618

Typical home value: $310,112  ·  Homeownership: 80.0%

Market Overview

Active Listings
187
⇩ 10.1% vs 208 last year
Pending
48
26% pending ratio
Median Price
$425,000
vs $425,000 last year
Average Price
$432,087
⇧ 1.5% vs $425,805 last year
Days on Market
57
⇧ 3.6% vs 55 days last year

Price Per Square Foot

Median $/sqft
$210
⇩ 5% vs $221/sqft last year
Median Home Size
1,993 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 187 this year vs 208 last year
  • Days on market: 57 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $425,000 (+0% YoY)
  • Average: $432,087 (+1.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.3 miles — 2,754 listings ($1,384,713,985 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
32904Melbourne, FL 329040.0 mi178$76,616,006$429,900$430,427
32908Palm Bay, FL 329086.8 mi268$99,134,004$351,950$369,903
32909Palm Bay, FL 3290911.1 mi488$178,379,616$347,000$365,532
32905Palm Bay, FL 3290511.7 mi197$57,038,001$260,000$289,533
32950Malabar, FL 3295013.2 mi21$16,195,515$700,000$771,215
32940Melbourne, FL 3294014.6 mi417$240,462,633$460,605$576,649
34773Saint Cloud, FL 3477315.8 mi132$54,344,928$409,990$411,704
32951Melbourne Beach, FL 3295117.2 mi176$191,331,184$749,000$1,087,109
32955Rockledge, FL 3295519.7 mi271$151,878,698$379,000$560,438
32948Fellsmere, FL 3294820.3 mi20$15,593,880$707,750$779,694
32966Vero Beach, FL 3296622.9 mi222$91,671,792$359,000$412,936
32931Cocoa Beach, FL 3293123.7 mi256$164,916,224$479,450$644,204
32926Cocoa, FL 3292626.3 mi108$47,151,504$361,750$436,588

Frequently Asked Questions

How many homes are for sale in MELBOURNE, FL 32904?

As of February 2026, there are 187 active listings in MELBOURNE, FL (zip code 32904), compared to 208 the prior year.

What is the median home price in MELBOURNE, FL 32904?

The median listing price in MELBOURNE, FL 32904 is $425,000 as of February 2026, a 0% increase from $425,000 the prior year.

How long do homes stay on the market in MELBOURNE, FL?

Homes in MELBOURNE, FL 32904 spend an average of 57 days on the market before going under contract, compared to 55 days the prior year.

Is it a seller's or buyer's market in MELBOURNE, FL 32904?

Based on current inventory and days-on-market data as of February 2026, MELBOURNE, FL 32904 is currently a Balanced Market. Inventory has tightened compared to last year, with 21 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 57 days on market compared to 55 days last year.

How much can I save on real estate commission in MELBOURNE, FL?

With SELL123.com's maximum 3% commission, sellers in MELBOURNE, FL 32904 save an estimated $8,500 compared to a typical 5% commission on the median listing price of $425,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.