Market Intelligence · FL / Melbourne

Melbourne, FL 32904 Housing Market

Homes in Melbourne, FL 32904 are valued at a typical $377,693, down 0.6% over the past year. The median list price stands at $399,488, with homes averaging 65 days on market as of September 2026.

Updated September 2026Median value$378K

The median home value in Melbourne, FL 32904 is $378K as of September 2026, down 0.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 32904 range

$347K to $408K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.6% over 12 months

Sep 2025$380K

Low $377KHigh $380K

Sep 2026$378K

The numbers

What is the 32904 housing market like?

As of September 2026

Typical home value

$378K

0.6%YoY

Median list price

$399K

0.1%MoM

Days on market

4.4%MoM

Homes for sale

148

0.7%MoM

Price cuts

25.4%

7.8%MoM

New listings

15.4%MoM

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

The outlook

32904 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32904 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 32904 fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in 32904?

Zillow's forecast says they may: it expects typical home values in 32904 to fall 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 32904 home prices compare?

32904$377,693
Melbourne$377,693
Florida$344,436
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Melbourne: 5 ZIPs; Florida: 923 ZIPs; United States: 26,262 ZIPs).

Context

The 32904 ZIP has 148 homes for sale and saw 44 new listings in September 2026. About 25.4% of current listings have received a price cut, reflecting modest downward pressure in the market. With a median of 65 days on market, homes are taking longer to sell than in stronger conditions. The typical home value down 0.6% year over year suggests a buyer-leaning market. Sellers should expect to negotiate and price competitively to move inventory.

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Down payment20% · $75,539

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Common questions

What people ask us.

What is the typical home value in 32904?

The typical home value in Melbourne, FL 32904 is $377,693, down 0.6% over the past year as of September 2026.

How long do homes typically stay on the market here?

The median days on market is 65 as of September 2026, indicating a slower-moving inventory.

What share of homes have had price reductions?

About 25.4% of listings in 32904 have received a price cut as of September 2026.

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Nearby ZIP markets.

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