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Featured local agent — Melville, NY
Sarah Mitchell
Compass Real Estate · Melville, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Melville, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.07Mmedian sale price
How is the Melville, NY housing market right now?
The median home sale price in Melville, NY is $1.07M, down 4.0% year-over-year. Homes sell in an average of 20 days with 35 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Melville a buyer's or seller's market?
Melville, NY is currently a seller's market, based on 2.9 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
20
Fast-moving
Active listings
35
2.9 months supply
Sale-to-list
98.2%
Below asking
What does the Melville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.07M |
| Median list price | $1.40M |
| Year-over-year price change | -4.0% |
| Average days on market | 20 days |
| Active inventory | 35 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $484/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 22 |
| Listings with a price cut | 31.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Melville by property type?
How the Melville, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.74M | $474/sq ft | 8 | 60 days |
| Condo / Co-op | $895,000 | $488/sq ft | 4 | 14 days |
| Townhouse | $926,000 | $548/sq ft | 1 | 8 days |
Source: Redfin · Updated monthly
The Melville housing market is currently classified as a seller's market with a median sale price of $1.07M. Prices have fallen 4.0% compared to last year, with homes spending an average of 20 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Homes for sale in Melville
There are currently 35 homes listed for sale in Melville, New York. The median listing price is $1.4M.
Active listings
35
Homes on market
Median list price
$1.4M
Avg. days on market
20
Days until sale
New this week
22
Newly listed
Who lives in Melville?
Population
19,187
Median income
$155,675/yr
Median age
50.8 years
Owner-occupied
87.5%
College grads
62.4%
Avg commute
31.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Melville?
Zillow home value
$943,507
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Melville?
Melville is a community of approximately 19K residents with a median age of 50.8 years.The median household income is $155,675, which reflects a relatively affluent area with strong earning potential. 62.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.9 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Melville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Melville?
3 schools tracked · 2,080 students
The largest public schools serving Melville, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
WEST HOLLOW MIDDLE SCHOOL
Grades 6-8 · 955 students
BIRCHWOOD INTERMEDIATE SCHOOL
Grades 3-5 · 636 students
SUNQUAM ELEMENTARY SCHOOL
Grades K-5 · 489 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Melville, NY?
Want a head-to-head view? Compare Melville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Melville?
The median home sale price in Melville is $1.07M, down 4.0% from last year.
How long do homes stay on market in Melville?
Homes typically spend 20 days on market before going under contract.
What is the median income in Melville?
The median household income is $155,675 per year.
Is Melville a buyer's or seller's market?
With 2.9 months of supply, Melville is currently a seller's market.
What is the Zillow home value estimate for Melville?
The Zillow Home Value Index (ZHVI) for Melville is $943,507, representing the typical home value in the area.
What is the median condo price in Melville?
The median condo/co-op sale price in Melville, NY is $895,000, compared to $1.74M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Melville?
The median single-family home price in Melville, NY is $1.74M (about $474 per square foot).
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