Live Market Tracker · 32940
Melbourne Housing Market
Buyer's or seller's market in 32940? Here's the live read — measured from recent Stellar MLS sales and active inventory, updated automatically.
About 6.5 months of inventory — supply is outpacing demand, so buyers have room to negotiate (over 6 months = buyer's market).
Aggregate statistics from recent Stellar MLS closed sales and live MLS inventory. A market read, not an appraisal of any home or a listing of individual sales.
Homes for Sale in 32940
271 active listings in Melbourne
$415,000
8224 Loren Cove Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,694 sqft
Loren Cove
MLS ID #1084471, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$575,000
8870 Napolo Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 4 ba · 2,044 sqft
Arrivas Village - Phase 2
MLS ID #1084490, Coastal Life Properties LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$424,840
8853 Blissful Breeze Trail
Melbourne, FL 32940
2 bd · 2 ba · 1,579 sqft
Del Webb At Viera - Phase 5b
MLS ID #O6433391, PULTE REALTY OF NORTH FLORIDA LLC.
Listing provided by Stellar MLS
$409,710
8963 Blissful Breeze Trail
Melbourne, FL 32940
2 bd · 2 ba · 1,579 sqft
Del Webb At Viera - Phase 5b
MLS ID #O6433222, PULTE REALTY OF NORTH FLORIDA LLC.
Listing provided by Stellar MLS
$435,000
8105 Tethys Court, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,458 sqft
Avalonia
MLS ID #1084891, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$424,900
7895 Citrus Creek Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 2,011 sqft
Misty Creek Unit 2
MLS ID #1080888, Real Broker LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$699,900
8904 Alister Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,132 sqft
Bridgewater At Viera
MLS ID #1073739, LPT Realty LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$279,900
1305 Hampton Park Lane, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 3 ba · 1,110 sqft
Hampton Park Phase 3
MLS ID #1084953, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$473,500
1761 Wekiva Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,910 sqft
Magnolia Springs Phase 3
MLS ID #1078955, Banana River Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$779,900
730 Kerry Downs Circle, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 3,436 sqft
Suntree Pud Stage 5 Tract 59
MLS ID #1083256, RE/MAX Aerospace Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$425,000
1765 Velky Lane, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,565 sqft
Bridgewater At Viera
MLS ID #1070216, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$799,999
2453 Rodina Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 2,887 sqft
Arrivas Village - Phase 2
MLS ID #1084919, Blue Marlin Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$635,000
1012 Great Belt Circle, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,325 sqft
Bridgewater At Viera
MLS ID #1083764, BHHS Florida Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$578,000
7196 Pena Lane, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,102 sqft
Arrivas Village - Phase 2
MLS ID #1080593, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$645,000
3380 Caviston Way, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 2 ba · 2,154 sqft
Trasona
MLS ID #1084465, Real Broker LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$555,000
3955 Fenrose Circle, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 2 ba · 2,236 sqft
Grand Haven Phase 1
MLS ID #1080868, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$959,900
3320 Cappannelle Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,623 sqft
Casabella Phase Three
MLS ID #1055319, Joseph DiPrima, Broker.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$1,795,000
6444 Modern Duran Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 5 ba · 2,864 sqft
Modern Duran
MLS ID #1084708, Compass Florida, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$699,900
1122 Vestavia Circle, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 2,543 sqft
Sawgrass At Suntree Phase 2
MLS ID #1079817, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$700,000
2242 Rodina Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 2,849 sqft
Arrivas Village Phase 1
MLS ID #1077893, Compass Florida, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$699,990
1185 Dromin Lane, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 3,027 sqft
Capron Ridge Phase 4
MLS ID #1084866, Ellingson Properties.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$724,000
2568 Millennium Circle, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,453 sqft
Bridgewater At Viera
MLS ID #1065165, Better Homes & Gardens RE Star.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$629,000
8860 Napolo Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,384 sqft
Arrivas Village - Phase 2
MLS ID #1081835, Britton Group, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$924,900
820 Kerry Downs Circle, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 3,009 sqft
Suntree Pud Stage 5 Tract 59
MLS ID #1081711, Ellingson Properties.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
32940 Market — Common Questions
Is Melbourne (32940) a buyer's or seller's market in 2026?+
32940 (Melbourne) is currently a buyer's market with about 6.5 months of inventory. About 6.5 months of inventory — supply is outpacing demand, so buyers have room to negotiate (over 6 months = buyer's market).
What is the median home price in 32940?+
The median sale price in 32940 over the last 12 months is approximately $529K based on recent Stellar MLS closed sales.
How fast do homes sell in 32940?+
Homes in 32940 are selling in a median of about 36 days, at roughly 108% of asking price.
How many homes are for sale in 32940?+
There are currently 271 active residential listings in 32940, with homes selling at roughly 41.7 per month.
Thinking of buying or selling in 32940?
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