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Market Intelligence · FL / Brevard County

Melbourne, FL home prices and housing market

5 ZIP markets liveData updated September 2026Typical value$378K1-yr changeDown0.6%

The typical home value in Melbourne, FL is $378K as of September 2026, down 0.6% from a year ago, based on the Zillow Home Value Index. In the typical Melbourne ZIP code, the median list price is $399K and homes spend a median of 59 days on market as of September 2026 (Realtor.com).

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The coverage

Melbourne, by the numbers.

Typical home valueZillow ZHVI, September 2026
$378K
1-yr changeMedian across Melbourne ZIPs
-0.6%
ZIP markets live9 tracked in Melbourne
5
County
Brevard County

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12-month value trend

-0.6% over 12 months

Typical home value in Melbourne over the last 12 months: $380K in Sep 2025 to $378K in Sep 2026 (-0.6%).

Sep 2025$380K

Sep 2026$378K

Median Zillow home value index across Melbourne's ZIP codes.

Context

Melbourne's housing market is cooling slightly as of September 2026. The typical home value in Melbourne is $377,693, down 0.6% over the past year. There are 731 homes for sale, with 258 new listings coming on the market. The median list price sits at $399,488, and homes are taking a median of 59 days to sell. Notably, 24.2% of listings have had a price cut, which suggests sellers are adjusting expectations. For a homeowner thinking about selling, the market is still moving, but buyers have more room to negotiate than they did before.

The numbers

What is the housing market like in Melbourne, FL?

Typical home value

$378K

Down0.6%YoY

Median list price

$399K

Days on market

59

Homes for sale

731

Price cuts

24.2%

New listings

258

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Melbourne's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Melbourne, FL home prices over time

Typical home values in Melbourne, FL are down 0.6% over the past year, from $380K in September 2025 to $378K in September 2026.

Typical home value in Melbourne, FL, September of each year
MonthTypical value1-yr change
September 2026$377,693-0.6%
September 2025$379,899No prior year

Typical value is the median Zillow Home Value Index across Melbourne ZIP codes, taken in September of each year so every row compares the same month.

Market balance

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

Melbourne, FL is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 59 days on market and 24% of listings with a price cut in the typical Melbourne ZIP code, and 258 new listings against 731 active listings across Melbourne, as of September 2026 (Realtor.com).

The outlook

Melbourne housing market forecast 2027

-0.5%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 5 Melbourne ZIP codes, points to typical home values falling 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in Melbourne fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in Melbourne?

The forecasts point that way: a weighted average of Zillow's ZIP forecasts for Melbourne shows typical home values falling 0.5% by September 2027, after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 5 Melbourne ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Melbourne ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 9 Melbourne ZIP codes in total; the remaining 4 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Melbourne, FL home prices.

How much is a home in Melbourne worth?

The typical home value in Melbourne is $377,693 as of September 2026, down 0.6% over the past year. This is a citywide figure, so individual homes will vary.

How long does it take to sell a home in Melbourne?

Homes in Melbourne spend a median of 59 days on the market as of September 2026. That gives sellers a general sense of timing, though some homes sell faster or slower.

Are sellers cutting prices in Melbourne?

Yes. As of September 2026, 24.2% of listings in Melbourne have had a price cut. With 731 homes for sale and a median list price of $399,488, buyers have options and sellers may need to price carefully.

Are home prices going up or down in Melbourne, FL?

Typical home values in Melbourne, FL are down 0.6% over the past year, based on the Zillow Home Value Index as of September 2026.

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

Melbourne, FL is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 59 days on market and 24% of listings with a price cut in the typical Melbourne ZIP code, and 258 new listings against 731 active listings across Melbourne, as of September 2026 (Realtor.com).

Nearby markets

More Florida housing markets.

The market is moving

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