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 2.5 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 Stellar MLS closed sales over the last 12 months 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
$472,000
143 Palm Circle, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 2,049 sqft
Palm Shore Estates
MLS ID #1089662, Better Homes & Gardens RE Star.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$380,000
3455 Spencer Lane, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,691 sqft
Stoneridge Subdivision
MLS ID #1085260, Denovo Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$699,990
3600 Stabane Place, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,466 sqft
Trasona
MLS ID #1088358, Agent Trust Realty Corp.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$750,000
2283 Trava Lane, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 5 ba · 3,378 sqft
Reeling Park
MLS ID #1089629, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$399,900
5222 Outlook Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,950 sqft
Deer Lakes Phase 3
MLS ID #1089710, Progressive Real Estate, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$450,000
511 Royston Lane, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,793 sqft
Baytree Pud Phase 1 Stage 1-5
MLS ID #1086253, CENTURY 21 Baytree Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$399,900
394 Carmel Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 2,011 sqft
Mission Lake Villas Unit 2
MLS ID #1086517, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$549,900
1335 Fuji Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,761 sqft
Sandhill Crossing
MLS ID #1089090, Weichert REALTORS Hallmark Pro.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$340,000
858 Ridge Lake Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,682 sqft
Quail Ridge At Suntree Suntree Pud Stage 5 Tract 4
MLS ID #1089627, RE/MAX Aerospace Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$264,900
305 Bayhead Drive, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,290 sqft
Suntree Pud Stage 10 Tract 4
MLS ID #1088790, Relentless Real Estate Co..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$314,900
309 Myrtlewood Road, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,259 sqft
Suntree Pud Stage 10 Tract 4
MLS ID #1089846, David Netterstrom.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$380,000
7634 Loren Cove Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,460 sqft
Loren Cove
MLS ID #1089796, Waterman Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$429,000
9804 Alister Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,598 sqft
Bridgewater At Viera
MLS ID #1089802, Board & Beam Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$399,900
3365 Moonstone Lane, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,658 sqft
Heritage Isle Pud Phase 2 Plat Of A Portion Of
MLS ID #1089766, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$599,000
656 Doral Lane, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,846 sqft
Suntree Pud Stage 1 Tract E
MLS ID #1089861, RE/MAX Elite.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$775,000
2915 Blazing Star Dr
Melbourne, FL 32940
4 bd · 4 ba · 2,684 sqft
Sendero Cove & Sierra Cove/Add
MLS ID #O6441243, HJ BEST PROPERTIES LLC.
Listing provided by Stellar MLS
$420,620
8974 Blissful Breeze Trail
Melbourne, FL 32940
2 bd · 2 ba · 1,579 sqft
Del Webb At Viera - Phase 5
MLS ID #O6440164, PULTE REALTY OF NORTH FLORIDA LLC.
Listing provided by Stellar MLS
$407,900
9462 Fuego Way, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,481 sqft
Pangea Park
MLS ID #1087237, Viera Builders Realty, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$384,900
3161 Galeras Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,481 sqft
Pangea Park
MLS ID #1059765, Viera Builders Realty, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$387,400
3171 Galeras Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,481 sqft
Pangea Park
MLS ID #1059760, Viera Builders Realty, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$287,900
1018 Villa Drive, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,520 sqft
Villas At Suntree Unit 1 Suntree Pud Stage 10 T
MLS ID #1073676, Blue Marlin Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$447,000
4854 Borealis Court, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,959 sqft
Pineda Ridge Subdivision Phase 2
MLS ID #1085598, Real Broker LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$1,050,000
8220 Compton Way, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 4 ba · 3,599 sqft
Plat Of Baytree Pud Phase 2 Stage 1
MLS ID #1088868, Compass Florida, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$549,500
2959 Avalonia Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,776 sqft
Avalonia
MLS ID #1089156, Dale Sorensen Real Estate Inc..
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 2.5 months of inventory. About 2.5 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 $520K based on recent Stellar MLS closed sales.
How fast do homes sell in 32940?+
Homes in 32940 are selling in a median of about 34 days, at roughly 98% 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 110.2 per month.
Thinking of buying or selling in 32940?
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