Is Merritt Island, FL 32952 a buyer’s or seller’s market?

The Merritt Island housing market right now

In the three months ending August 31, 2026, 9% of homes in Merritt Island, FL 32952 sold above their list price, the typical home went under contract in 65 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 111 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 6%, homes sold faster (71 days then) and the median sale price held steady to $462,300. Overall, Merritt Island is more competitive than a year ago, so tougher for buyers.

Within Brevard County, homes here sell faster than in 56% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Merritt Island ranks #272 of 796 FL ZIP codes with enough sales (score 25 out of 100).

Nearby, buyers who want less competition could look at Grant 32949 (0% sold over asking) or Cape Canaveral 32920 (0% sold over asking), while Malabar 32950 (18% sold over asking) and Palm Bay 32908 (16% sold over asking) are even more competitive.