Merritt Island Market Spotlight: Prices, ZIP Codes and Waterfront
Merritt Island is Emily Garry's home market, and it's one of the most varied places to buy in Brevard. In a 10-minute drive you can go from a starter home off Courtenay Parkway to a riverfront estate on South Tropical Trail.
Two ZIP codes, two markets
| ZIP | Median sale price (6 months to Sept. 2026) | Closed sales |
|---|---|---|
| 32952 (south and river side) | $455,000 | 240 |
| 32953 (north and central) | $420,000 | 302 |
Source: Resideline MLS tracking, September 14, 2026.
32952 includes the Banana River and Indian River waterfront along South Tropical Trail and Banana River Drive. 32953 has more mid-century neighborhoods, newer subdivisions and easy access to Kennedy Space Center.
How fast homes are selling
Across Merritt Island, about 642 homes closed in the 12 months ending September 2026, and the typical neighborhood sold in about 46 days. With roughly 4 months of inventory, the island is close to a balanced market. Buyers can negotiate, but well-priced homes still sell.
The waterfront and luxury market
About 38 Merritt Island homes were listed at $1 million or more in September 2026. Over the prior 12 months, 29 homes sold above $1 million, at a median of about $1.39 million. About half of those luxury listings are on the water.
For waterfront buyers, the details matter more than the view:
- Canal depth and bridge clearance to open water
- Seawall and dock condition
- Flood zone, elevation and insurance cost
- Whether you're on the Banana River, Indian River or a canal
Why people choose Merritt Island
- Central location: about 20 minutes to Cocoa Beach and to Kennedy Space Center
- River and canal living without barrier-island condo prices
- Larger lots and fewer HOAs than much of Brevard
- Front-row seats to rocket launches
Thinking about buying or selling on Merritt Island? Call or text Emily Garry, Realtor®, at 321-368-7680.
FAQ
What is the median home price on Merritt Island? Over the six months to September 2026, the median sale was about $455,000 in 32952 and $420,000 in 32953.
Is Merritt Island a buyer's or seller's market? Merritt Island had about 4 months of inventory in September 2026, which is close to balanced.
How much are waterfront homes on Merritt Island? Merritt Island homes that sold above $1 million in the past year had a median of about $1.39 million, and about half of luxury listings are waterfront.
About the author: Emily Garry is a Realtor® with The Garry Team (The G Home Collective at Real Broker), based on Merritt Island. She has about 10 years of experience helping buyers and sellers across Brevard County, from Titusville to Melbourne and the beaches. Call or text 321-368-7680 or email emily@emilygarry.com.
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