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Homes for Sale Under 500K in Merritt Island, FL

152 Homes for Sale

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Showing 85 - 126 of 152 homes for sale in Merritt Island, FL

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Merritt Island, FL Housing Market Overview

Merritt Island is a balanced market, giving buyers and sellers room to negotiate. With 4.4 months of supply and homes averaging 56 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

56

Inventory

192

Oct 2021Jul 2024Oct 2026

Median Home Price

$419,750Up 0.55%

In Oct 2026 · YoY

Oct 2021Jul 2024Oct 2026

Mortgage Rates 30-Yr Fixed

7.24%Down 0.08%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
192 Down 9.86%
Newly Listed Homes
219 Down 11.69%
Months of Supply
4.4 Up 10.00%

Housing Demand

Homes Sold
130 Down 17.72%
Sale-to-List Ratio
95.9% Down 0.14%
Homes Sold Above List
10.8% Up 21.56%

30-yr fixed rate 7.24% · Data as of Oct 2026 · Source: Houzeo Research.

View Full Merritt Island Market Report
No. of Homes
Homes for Sale in Merritt Island With AC
265
Single Family Homes for Sale in Merritt Island
205
Ranch Homes for Sale in Merritt Island
149
Houses for Sale in Merritt Island With Pool
148
Country Homes for Sale in Merritt Island
146
Historic Homes for Sale Merritt Island
114
Waterfront Houses for Sale in Merritt Island
103
Patio Homes for Sale in Merritt Island
86
Cheap Houses for Sale in Merritt Island
64
Condos in Merritt Island
53
Land for Sale in Merritt Island
45
Open Houses in Merritt Island
25
Homes With Acreage in Merritt Island
23
New Homes for Sale in Merritt Island
14
Townhomes in Merritt Island
11
Luxury Homes in Merritt Island
7
Tiny Homes for Sale in Merritt Island
3
Multi Family Homes for Sale in Merritt Island
3
Manufactured Homes for Sale in Merritt Island
2
Duplex Homes for Sale in Merritt Island
1
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  • mls-img
    Based on information from Stellar MLS® through Nov 4, 2026, 12:45 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.
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    Based on information from the Space Coast MLS through Nov 4, 2026, 12:45 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.

  • mls-img
    Based on information from Houzeo, which participates in the Northeast Florida Multiple Listing Service, Inc. data exchange program, allowing us to display other brokers’ listings on our site. through Nov 4, 2026, 12:45 PM. Information deemed reliable but not guaranteed. The broker providing this data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase or lease decision. The listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all 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, and The data is deemed reliable but is not guaranteed accurate by NEFMLS. NEFMLS may, at its discretion, require the use of other disclaimers as necessary to protect Participants and/or NEFMLS from liability. © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.
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Homes Available icon

152

Homes Available

Median List Price icon

$ 419,750

Median List Price

Avg on Market icon

56 Days

Avg on Market