Name: Median Sale Price — ZIP 32940 Condo/Co-op, March 31, 2026
Creator: Range Ranger
Published: 2026-03-31
License: https://redfin.com/news/data-center

Question 1

What was the median sale price in Melbourne (32940)?

Accepted Answer

The median sale price for Condo/Co-op homes in ZIP 32940 was $195,000 for the 90-day period ending 2026-03-31, based on Redfin closed sale data.

Question 2

What does the median sale price in 32940 mean for sellers?

Accepted Answer

The median sale price reflects what Condo/Co-op homes in ZIP 32940 have actually closed for, not what they were listed at. At $195,000, this is the midpoint of all closed transactions in the 90-day period ending 2026-03-31. Half of homes sold for more; half sold for less.

Question 3

How is the median sale price in 32940 calculated?

Accepted Answer

The median sale price for ZIP 32940 is derived from closed sale transactions recorded over the 90-day period ending 2026-03-31. It is the midpoint value — not an average — across all Condo/Co-op sales in that period. Data source: Redfin.

Question 4

Is the median sale price in 32940 higher or lower than last year?

Accepted Answer

The median sale price in ZIP 32940 is down 4.9% compared to the same 90-day period one year ago, as of March 31, 2026.

Question 5

How does the median sale price compare to the median list price in 32940?

Accepted Answer

In ZIP 32940, the median list price was $239,900 and the median sale price was $195,000 for the 90-day period ending 2026-03-31. Homes closed at a median of $44,900 below asking.

Median sale price in 32940 was $195,000, down 4.9% from last year.