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 0.6 months of inventory — homes are selling faster than new ones come on the market, so sellers hold the leverage (under 4 months = seller'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
24 active listings in Melbourne
$489,900
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®)
$415,000
7248 Broderick Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 1,988 sqft
Heritage Isle Pud Phase 3
MLS ID #1079939, Brevard County Realty LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$385,000
4892 Outlook Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,960 sqft
Deer Lakes Phase 3
MLS ID #1081650, Waterman Real Estate, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$289,900
6828 Toland Drive 306, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,232 sqft
Terrace I At Heritage Isle Condo
MLS ID #1076771, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$659,000
6591 Ingalls Street, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,302 sqft
Heritage Isle Pud Phase 7a
MLS ID #1079079, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$400,000
435 Haley Court, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,789 sqft
Magnolia Pointe Unit 2
MLS ID #1080532, One Sotheby's International.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$315,000
733 Green Valley Lane, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,454 sqft
Courtyards Suntree Pud Stage 5 Tract 62 Unit 2
MLS ID #1078572, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$699,000
3115 Blazing Star Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 4 ba · 2,403 sqft
Sendero Cove & Sierra Cove At Addison Village Phase 3
MLS ID #1079986, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$439,000
2646 Spur Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,749 sqft
Loren Cove
MLS ID #1064449, Engel&Voelkers Melb Beachside.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$364,900
4891 Erin Lane, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,580 sqft
Live Oak Phase 2
MLS ID #1081480, Coldwell Banker Paradise.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$469,000
2013 Great Belt Circle, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,876 sqft
Bridgewater At Viera
MLS ID #1072333, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$359,900
9503 Alister Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,565 sqft
Bridgewater At Viera
MLS ID #1078443, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$415,000
7983 Loren Cove Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,647 sqft
Loren Cove
MLS ID #1078100, RE/MAX Elite.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$669,000
7991 Strom Park Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 2,181 sqft
Strom Park
MLS ID #1079273, RE/MAX Aerospace Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$399,000
1031 Peta Way, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,162 sqft
Sandhill Crossing
MLS ID #1079784, ZOOM Realty Group LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$415,000
7753 Loren Cove Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,669 sqft
Loren Cove
MLS ID #1081368, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$455,000
2527 Deercroft Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 2 ba · 1,902 sqft
Bayhill At Viera E Phase 3
MLS ID #1077398, All About U Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$295,000
2999 Vallejo Way, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,407 sqft
Heritage Isle Pud Phase 5
MLS ID #1078862, Barrier Island Properties.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$999,999
7699 Kerrington Drive, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 4 ba · 3,561 sqft
Kerrington
MLS ID #1080678, Weichert Realtors, NextGen.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$610,000
8048 Dobre Way, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,857 sqft
Sendero Cove & Sierra Cove At Addison Village Phase 2
MLS ID #1080475, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$1,100,000
8289 Stonecrest Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 3,149 sqft
Stonecrest
MLS ID #1078577, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$300,000
1453 Patriot Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 2 ba · 2,293 sqft
Viera Tracts Bb And V Phases 4 And 5 Of Viera N
MLS ID #1072771, Four Star Real Estate LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$759,000
2190 Caravan Place, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,453 sqft
Bridgewater At Viera
MLS ID #1075011, RE/MAX Aerospace Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$489,900
3212 Constellation Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,353 sqft
Pineda Ridge Subdivision Phase 2
MLS ID #1073915, Coldwell Banker Realty.
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 seller's market with about 0.6 months of inventory. About 0.6 months of inventory — homes are selling faster than new ones come on the market, so sellers hold the leverage (under 4 months = seller's market).
What is the median home price in 32940?+
The median sale price in 32940 over the last 12 months is approximately $511K based on recent Stellar MLS closed sales.
How fast do homes sell in 32940?+
Homes in 32940 are selling in a median of about 40 days, at roughly 107% of asking price.
How many homes are for sale in 32940?+
There are currently 24 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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