Start Free
All market snapshots / 32940

Melbourne, FL 32940 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Melbourne, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 114114PendingPending sales: 99
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): $453k$453kSoldMedian sold price (last 6 months): $510k$510k
What homes actually sell for in Melbourne, FL
Distribution of 683 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $375k to $680k
$235k to $334k: 87 sales$235k$334k to $434k: 142 sales142sales$434k to $533k: 102 sales$434k$533k to $633k: 105 sales$633k to $732k: 80 sales$633k$732k to $832k: 50 sales$832k to $931k: 28 sales$832k$931k to $1.03M: 20 salesMedian $510k

What the numbers say

As of October 26, 2026, Resideline is tracking 114 active listings and 9 pending sales in ZIP code 32940. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $453,075, while the median of the 683 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 74 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 683 closed sales tracked by Resideline. The middle half of those sales ranged from $375,000 to $680,000.

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

Resideline is currently tracking 9 pending sales against 114 active listings in 32940, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 32940 is currently a typical-pace market.

Nearby ZIP code market data

Full Melbourne, FL housing market report →

Running a deal in 32940? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator · MAO calculator · home appreciation calculator. One address: real estate deal analyzer · rent estimate by address

Run any 32940 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.