Cheap Homes for Sale in Melbourne, FL

108 Homes for Sale

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Melbourne, FL Housing Market Overview

Melbourne is a balanced market, giving buyers and sellers room to negotiate. With 1 months of supply and homes averaging 62.5 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

63

Inventory

108

Aug 2021May 2024Jul 2026

Median Home Price

$400,000Down 7.30%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
108 Down 40.33%
Newly Listed Homes
297 Down 9.73%
Months of Supply
1 Down 61.38%

Housing Demand

Homes Sold
842 Up 54.50%
Sale-to-List Ratio
97.5% Up 1.32%
Homes Sold Above List
8.3% Down 13.59%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Melbourne Market Report
  • mls-img
    Based on information from Stellar MLS® through Sep 14, 2026, 11:30 PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.
  • mls-img

    Based on information from the Space Coast MLS through Sep 14, 2026, 11:30 PM. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Space Coast Association of Realtors®. All Rights Reserved.

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Melbourne, FL Housing Marketlink qauare
Homes Available icon

108

Homes Available

Median List Price icon

$ 400,000

Median List Price

Avg on Market icon

62.5 Days

Avg on Market

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