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All market snapshots / 32940

Melbourne, FL 32940 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Melbourne, FL inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.17
ActiveActive listings: 9696PendingPending sales: 1616
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): $415k$415kSoldMedian sold price (last 6 months): $510k$510k
What homes actually sell for in Melbourne, FL
Distribution of 758 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $377k to $677k
$224k to $321k: 77 sales$224k$321k to $419k: 138 sales138sales$419k to $517k: 130 sales$419k$517k to $615k: 113 sales$615k to $713k: 101 sales$615k$713k to $810k: 64 sales$810k to $908k: 34 sales$810k$908k to $1.01M: 26 salesMedian $510k

What the numbers say

As of September 14, 2026, Resideline is tracking 96 active listings and 16 pending sales in ZIP code 32940. That pending-to-active ratio of 0.17 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $415,000, while the median of the 758 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 758 closed sales tracked by Resideline. The middle half of those sales ranged from $377,000 to $677,000.

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

Resideline is currently tracking 16 pending sales against 96 active listings in 32940, a pending-to-active ratio of 0.17. 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

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