Q:

What is the average cost of a new home in Melbourne, Florida?

A:

Quick Answer

As of July 2015, the average sales price for homes in Melbourne Florida is $170,000. This represents a 13.3 percent increase over the prior year.

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Full Answer

The July 2015 average sales price of homes in Melbourne represents an increase of 11.8 percent over the prior quarter and a 28.4 percent increase compared to five-years prior when prices averaged $132,000. Two-bedroom homes average $110,000, while four-bedroom homes average $292,500.

The average listing price of homes is $246,370. Two-bedroom homes list for an average of $100,684, and four-bedroom homes list for an average of $421,243.

The average price per square foot for all homes is $102. Two-bedroom homes average $88 per square foot, while four-bedroom homes average $121 per square foot.

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