$3,890,000
5 bd · 5 ba · 4,290 sqft
6275 N Highway 1, Melbourne, FL 32940
Indian River Plantation Es
Melbourne, FL Real Estate Guide
Melbourne Market Snapshot
Every figure below is computed from closed MLS transactions in Melbourne over the trailing twelve months — what buyers and tenants actually paid, not asking prices — and refreshes continuously.
232
Homes sold, last 12 months
$353K
Median sale price
$207
Median price per sqft
30 days
Median time on market
29
Leases signed, last 12 months
$2,200/mo
Median rent achieved
$1
Median rent per sqft
34 days
Median time to lease
Homes Sold per Month
Median Sale Price per Month
Median Sale Price by Bedrooms
| Bedrooms | Sales | Median price |
|---|---|---|
| 1 bd | 4 | $120,450 |
| 2 bd | 31 | $255,000 |
| 3 bd | 119 | $314,990 |
| 4 bd | 65 | $472,000 |
| 5+ bd | 13 | $471,990 |
Sales by Property Type
| Type | Sales | Median price |
|---|---|---|
| Single Family Residence | 186 | $389,750 |
| Townhouse | 27 | $308,365 |
| Condominium | 9 | $180,000 |
| Villa | 3 | $406,190 |
| Manufactured Home | 3 | $90,000 |
12-Month Sales Trend
| Month | Homes sold | Median price |
|---|---|---|
| Sep 2025 | 17 | $325,000 |
| Oct 2025 | 27 | $406,190 |
| Nov 2025 | 17 | $350,000 |
| Dec 2025 | 21 | $385,000 |
| Jan 2026 | 14 | $463,850 |
| Feb 2026 | 21 | $347,000 |
| Mar 2026 | 20 | $377,500 |
| Apr 2026 | 16 | $414,250 |
| May 2026 | 21 | $330,000 |
| Jun 2026 | 32 | $317,295 |
| Jul 2026 | 17 | $315,000 |
| Aug 2026 | 6 | $287,450 |
Median Rent by Bedrooms
| Bedrooms | Leases | Median rent |
|---|---|---|
| 1 bd | 6 | $1,185/mo |
| 3 bd | 18 | $2,375/mo |
| 4 bd | 4 | $2,900/mo |
Buying a Home in Melbourne
A smart Melbourne purchase begins with knowing what moves its market. Use the bedroom and property-type tables above to benchmark the segment you're shopping, then open the live map search to see what's on the market right now — every listing links through to full photos, details and a direct line to a licensed Florida broker.
In Florida, a financed purchase generally closes in 30 to 45 days, while an all-cash deal can wrap in as little as two weeks. A condo adds a board-approval step, and anything near the water carries insurance questions worth pricing before you write an offer — both are routine parts of a Melbourne transaction when you plan for them early.
Renting in Melbourne
Rentals turn over faster than sales — a well-priced Melbourne unit is often under lease within weeks, and most annual leases ask for first month, last month and a security deposit up front. The rent tables above show what tenants actually committed to by bedroom count over the past year, and the live rental search lists every home and condo on offer today.
Featured Listings in Melbourne
See every home for sale →
$1,149,000
6 bd · 3 ba · 3,970 sqft
3897 PROVINCE DRIVE, MELBOURNE, FL 32934
$1,100,000
6 bd · 4 ba · 3,238 sqft
4394 PRESERVATION CIRCLE, MELBOURNE, FL 32934
$850,000
4 bd · 4 ba · 3,149 sqft
7966 WYNDHAM DRIVE, MELBOURNE, FL 32940
$850,000
3 bd · 3 ba · 2,588 sqft
572 OCEANSIDE BOULEVARD, MELBOURNE, FL 32903
$799,000New
4 bd · 5 ba · 3,143 sqft
7356 MILLBROOK AVENUE, MELBOURNE, FL 32940
Melbourne Real Estate FAQ
Is Melbourne a good place to buy a home?
Let the figures on this page make the case for Melbourne — real closed sales, the median sale price, and how long homes sat before selling over the trailing twelve months.
What is the median home price in Melbourne?
The snapshot above reports the current 12-month median sale price for Melbourne, together with price per square foot and medians split out by bedroom count and property type. Every figure is calculated from closed MLS sales and refreshed continuously — not lifted from a report that's already months old.
Condo or house in Melbourne — which should I buy?
The property-type table above breaks Melbourne sales into condos, single-family homes and townhomes, and shows where each segment's median landed over the past year. A condo brings monthly association dues and a board-approval step; a house carries its own insurance and upkeep. Each property type has its own live search page linked below.
Where can I see every home for sale in Melbourne?
Open the Melbourne map search — it shows every active MLS listing in the city, updated continuously, with the city boundary traced on the map and filters for property type, bedrooms and price.