Is Melbourne, FL 32934 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Melbourne is a seller’s market. With about 2.9 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.9Under 4 months = seller’s market

Sold above original list13.4%Share of sales, last 3 months

Median sale-to-list97.6%Sold price ÷ list price

Median days on market44Listing to accepted offer

Median price per sq ft$241▼ −5.5% vs. last year

Run the numbers for 32934

Prefilled for 32934Can I win this house?Multiple-offer likelihood for a listing Prefilled for 32934Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cape Canaveral 32920Balanced $249 /sq ft Cocoa 32922Balanced $184 /sq ft Cocoa 32926Seller’s market $209 /sq ft Cocoa 32927Seller’s market $216 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology