Market Intelligence · FL / Melbourne

Melbourne, FL 32934 Housing Market

The typical home value in Melbourne 32934 is $491,983, up 1.3% over the past year. The median list price stands at $677,491, with homes spending a median of 54 days on the market as of September 2026.

Updated September 2026Median value$492K

The median home value in Melbourne, FL 32934 is $492K as of September 2026, up 1.3% 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 32934 range

$453K to $531K

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

+1.3% over 12 months

Sep 2025$486K

Low $485KHigh $492K

Sep 2026$492K

The numbers

What is the 32934 housing market like?

As of September 2026

Typical home value

$492K

1.3%YoY

Median list price

$677K

4.2%MoM

Days on market

5.3%MoM

Homes for sale

1.9%MoM

Price cuts

37.5%

87.4%MoM

New listings

58.3%MoM

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

The outlook

32934 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 32934 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 32934 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 32934?

Zillow's forecast says they may: it expects typical home values in 32934 to fall 0.5% by September 2027, after a 1.3% rise 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 32934 home prices compare?

32934$491,983
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

Melbourne 32934 has 51 homes for sale with 10 new listings as of September 2026. The median time homes spend listed is 54 days, which suggests moderate activity for this market segment. However, 37.5% of current listings carry a price cut, indicating some sellers have adjusted their expectations. This combination of steady appreciation alongside price reductions suggests buyers have negotiating room, though the market remains moderately active for those ready to move.

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Down payment20% · $98,397

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Common questions

What people ask us.

What is the typical home value in Melbourne 32934?

The typical home value is $491,983, up 1.3% over the past year as of September 2026.

How many homes are currently for sale in Melbourne 32934?

There are 51 homes for sale with 10 new listings as of September 2026.

How long do homes typically stay on the market in Melbourne 32934?

Homes spend a median of 54 days on the market as of September 2026.

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