Neighborhood Analyzer
Melbourne
  Currently Listed Sold
High Price $625,000 $470,000
Low Price $402,000 $364,900
Avg List Price $494,200 $439,967
Avg SOLD Price   $427,483
Avg Seller Discount   2.6%

Active Listings Sold Listings

Neighborhood Report for Melbourne

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"Inventory" represents how many months it would take, given recent sales trends, for all homes in the neighborhood to be sold. Generally, more than 6 months of inventory suggests a "buyer's market."

Over the past year, an average of 0.5 homes per month have sold in Melbourne, and 4 homes are on the market now, so Melbourne has 8 months of inventory.


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