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Short Sale Listings in Melbourne, FL

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Melbourne, FL Foreclosures

How much do homes sell for in Melbourne, FL?
The average home price is currently $396,092.
In Melbourne, FL, how many homes are available?
There are currently 179 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, FL?
The average rental price in Melbourne is $1,487.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $67,713,720.
What is currently the cheapest priced home in Melbourne, FL?
The cheapest home for sale in Melbourne is priced at $14,752.

Living in Melbourne, FL

Melbourne, FL, is a coastal city that blends urban and beach lifestyles. Known for its historical significance in aerospace and a strong sense of community, it offers excellent schools, parks, and vibrant dining experiences. The area also benefits from a warm climate and a plethora of recreational opportunities, making it ideal for all ages.

Current Market Conditions in Melbourne, FL

The Melbourne real estate market has shown consistent growth over the past few years, driven by an influx of new residents seeking job opportunities in the tech and aerospace sectors. The demand for homes has been strong, pushing up property values and decreasing the available inventory. This trend is expected to continue as more people discover the benefits of living in Melbourne, including its excellent schools and outdoor activities.

Home Value Estimator For Melbourne, FL

There are currently 53,573 real estate properties in Melbourne, FL, with a median automated valuation model (AVM) price of $349,858.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melbourne, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melbourne, FL, is $396,092.00, with the most expensive house in Melbourne, FL, topping out at $67,713,720.00 and the cheapest home in Melbourne, FL, clocking in at $14,752.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, FL!

Rent Prices In Melbourne, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, FL, is on a rollercoaster ride. The average rent price in Melbourne, FL, is $1,487.00. Indeed, when looking to rent in Melbourne, FL, you can expect to pay as little as $570.00 or as much as $5,340.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Melbourne, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Melbourne, FL Short Sale Listings

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