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All market snapshots / 32940

Melbourne, FL 32940 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Melbourne, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 105105PendingPending sales: 77
Melbourne, FL: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $435k$435kSoldMedian sold price (last 6 months): $510k$510k
What homes actually sell for in Melbourne, FL
Distribution of 754 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $379k to $675k
$220k to $324k: 77 sales$220k$324k to $428k: 164 sales164sales$428k to $531k: 125 sales$428k$531k to $635k: 120 sales$635k to $739k: 91 sales$635k$739k to $842k: 53 sales$842k to $946k: 33 sales$842k$946k to $1.05M: 18 salesMedian $510k

What the numbers say

As of October 5, 2026, Resideline is tracking 105 active listings and 7 pending sales in ZIP code 32940. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $435,000, while the median of the 754 closed sales Resideline tracked over the last six months was $510,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 32940 for 65 days.

Frequently asked questions

What is the median home price in 32940?

The median closed sale price in Melbourne, FL 32940 was $510,000 over the last six months, based on 754 closed sales tracked by Resideline. The middle half of those sales ranged from $379,000 to $674,900.

Is 32940 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 105 active listings in 32940, a pending-to-active ratio of 0.07. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 32940 currently looks like a balanced market.

Nearby ZIP code market data

Full Melbourne, FL housing market report →

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