Neighborhood Analyzer
Melbourne
  Currently Listed Sold
High Price $353,000 $365,000
Low Price $325,000 $255,000
Avg List Price $342,333 $293,895
Avg SOLD Price   $297,739
Avg Seller Discount   -1.3%

Active Listings Sold Listings

Neighborhood Report for Melbourne

"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 1.8 homes per month have sold in Melbourne, and 3 homes are on the market now, so Melbourne has 1.7 months of inventory.