ZIP 32940 · Melbourne, FL
32940 Melbourne, FL Housing Market
Monthly housing intelligence for ZIP 32940, Melbourne, FL. Latest data: May 2026.
Median listing price
$490,875
MoM -1.3% · YoY -1.6%
Active listings
302
YoY -19.9%
Median days on market
63
YoY +9.7%
New listings
108
YoY -20.6%
Pending listings
171
Pending ratio 0.57
Price reduced share
23.3%
YoY -5.7%
Median $ / sqft
$257
YoY -0.3%
Median sqft
1,959
Average listing price
$582,957
YoY -2.6%
Total listings
481
Nearby ZIPs
Recent history
| Month | Median price | Active | DOM | Pending ratio |
|---|---|---|---|---|
| May 2026 | $490,875 | 302 | 63 | 0.57 |
| April 2026 | $497,230 | 339 | 63 | 0.49 |