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 43.5 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
283 active listings in Melbourne
$640,000
5775 Sheffield Place, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 2,066 sqft
Windsor Estates Phase 1
MLS ID #1082756, Blue Marlin Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$799,000
7356 Millbrook Ave
Melbourne, FL 32940
4 bd · 5 ba · 3,143 sqft
Trasona At Add
MLS ID #O6421289, BEST INVESTMENT REALTY, INC..
Listing provided by Stellar MLS
$569,900
1880 Thesy Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 2,000 sqft
Six Mile Creek Phase Iv
MLS ID #1082058, Lokation Real Estate.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$459,999
1296 Harbor Town Circle, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,668 sqft
Twin Lakes Of Suntree
MLS ID #1083223, Coldwell Banker Realty.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$575,000
8098 Dobre Way, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 2 ba · 1,857 sqft
Sendero Cove & Sierra Cove At Addison Village Phase 2
MLS ID #1077655, Nexthome Coastal Vista.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$975,999
7699 Kerrington Drive, Melbourne, Fl 32940
Melbourne, FL 32940
5 bd · 4 ba · 3,561 sqft
Kerrington
MLS ID #1082805, Weichert REALTORS Hallmark Pro.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$549,000
1051 Fieldstone Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,864 sqft
Fieldstone Suntree Pud St 4 Tr 41 Unit 1
MLS ID #1081707, Ellingson Properties.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$269,900
6411 Borasco Drive 115, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,359 sqft
Three Fountains Of Viera Condo
MLS ID #1083251, aReal Estate Service Team.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$685,000
3235 Hummingbird Way, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,178 sqft
Sendero Cove
MLS ID #1083204, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$1,110,000
2363 Edestus Drive, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 4 ba · 2,937 sqft
Laurasia
MLS ID #1078272, Keller Williams Realty Brevard.
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®)
$420,000
6488 Van Ness Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,861 sqft
Heritage Isle Pud Phase 8
MLS ID #1080823, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$296,000
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®)
$420,000
2783 Caitlin Court, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,676 sqft
Live Oak Phase 1
MLS ID #1083148, EXP Realty LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$349,900
1265 Mayflower Avenue, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,880 sqft
Indian River Colony Club Pud Phase 2 Unit 1
MLS ID #1083229, Four Star Real Estate LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$284,900
718 Pine Island Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,454 sqft
Courtyards Suntree Pud Stage 5 Tr 62 Unit 3 Th
MLS ID #1078673, Peninsula Property Group.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$206,999
1462 Lavender Drive, Melbourne, Fl 32940
Melbourne, FL 32940
0.42 acres
Aripeka
MLS ID #1060904, Dalton Wade, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$479,900
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®)
$279,900
206 Augusta Way, Melbourne, Fl 32940
Melbourne, FL 32940
2 bd · 2 ba · 1,329 sqft
Suntree Pud Stage 1 Tr C Unit 2
MLS ID #1083146, EXP Realty, LLC.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$569,900
3120 Ribbon Grass Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 3 ba · 1,895 sqft
Sendero Cove
MLS ID #1065393, Clear Realty, LLC..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$443,000
3103 Tidepool Place, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,405 sqft
Del Webb At Viera Phase 2
MLS ID #1082622, Keller Williams Realty Brevard.
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$384,995
5637 Tamarac Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,502 sqft
Stoneridge Subdivision
MLS ID #1082913, Dalton Wade, Inc..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$437,500
6612 Fawn Ridge Drive, Melbourne, Fl 32940
Melbourne, FL 32940
3 bd · 2 ba · 1,401 sqft
Viera Tract Ff Phase Iii
MLS ID #1075226, Karr Professional Group P.A..
Listing provided by Space Coast MLS (Space Coast Association of REALTORS®)
$634,900
2635 Summer Brook Street, Melbourne, Fl 32940
Melbourne, FL 32940
4 bd · 3 ba · 2,226 sqft
Summer Brook Section 2
MLS ID #1081989, J. Edwards Real Estate.
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 43.5 months of inventory. About 43.5 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 $488K based on recent Stellar MLS closed sales, up about 2.6% from a year earlier.
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 283 active residential listings in 32940, with homes selling at roughly 6.5 per month.
Thinking of buying or selling in 32940?
Get a precise, broker-prepared read on your home or your search — real local expertise, not an algorithm.