Why Live in Magnolia Park
Two miles west of downtown Melbourne, suburban Magnolia Park offers lower-priced single-family homes near parks, schools and local businesses. "It is much more affordable to live in this area compared to major cities like Orlando, Miami and Tampa," says Alisabet Valdes, a Realtor with Arium Real Estate, LLC, who has over a year of experience. "You have local events and beautiful parks, and you can enjoy the beach anytime." The area's packed with shopping and dining, and there's convenient access to thoroughfares and bus stops. "It is a very ideal location," Valdes says. "It's like a happy meal — you get the peace and quiet, and you get the beach." Magnolia Park's ranch-style homes are generally from the mid 20th century through today, shaded in coastal colors with attached garages or carports. Older homes have features like horizontal siding, full-width porches and board-and-batten shutters, while newer homes have stucco facades, covered entryways and clean, symmetrical lines. Most houses are under 2,000 square feet; their lawns are dotted with mature trees, flowering bushes and traditional mailboxes. Prices range from $200,000 to $500,000, depending on a home's size, features and
Home Trends in Magnolia Park, FL
On average, homes in Magnolia Park, Melbourne sell after 54 days on the market compared to the national average of 51 days. The median sale price for homes in Magnolia Park, Melbourne over the last 12 months is $330,000, up 31% from the median home sale price over the previous 12 months.
Median Sale Price
$330,000
Median Single Family Sale Price
$327,450
Average Price Per Sq Ft
$229
Number of Homes for Sale
8
Last 12 months Home Sales
26
Median List Price
$339,950
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
31%