Melville, NY Housing Market
The Melville housing market is very competitive. The median sale price of a home in Melville was $940K last month, up 38.7% since last year. The median sale price per square foot in Melville is $453, up 12.1% since last year.
Melville Housing Market Trends
In March 2024, Melville home prices were up 38.7% compared to last year, selling for a median price of $940K. On average, homes in Melville sell after 25 days on the market compared to 44 days last year. There were 5 homes sold in March this year, down from 20 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Melville housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 23 days.
- Hot homescan sell for about 5% above list price and go pending in around 13 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 46 days.
- Hot homescan sell for about 3% above list price and go pending in around 21 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% above list price and go pending in around 26 days.
- Hot homescan sell for about 4% above list price and go pending in around 15 days.
Melville Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Melville from outside metros.
- Peoria homebuyers searched to move into Melville more than any other metro followed by Springfield and Lincoln.
- 70% of Melville homebuyers searched to stay within the Melville metropolitan area.
- Miami was the most popular destination among Melville homebuyers followed by Philadelphia and Washington.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6 | ||
2 | 5 | ||
3 | 5 | ||
4 | 2 | ||
5 | 2 | ||
6 | 1 | ||
7 | 1 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6,754 | ||
2 | 4,058 | ||
3 | 3,185 | ||
4 | 2,755 | ||
5 | 2,367 | ||
6 | 2,152 | ||
7 | 1,814 | ||
8 | 1,636 | ||
9 | 1,547 | ||
10 | 1,491 |
Home offer insights for Melville
Recent offers
View houses in Melville that sold recently
Recently sold homes
- $620,000 Last Sold Price2 beds1.5 baths1,140 sq ft1021 Madeira Blvd Unit L, Melville, NY 11747Listing by Stonegate Real EstateList Price$669,000Sale to List7% under listDays on Market73 days1021 Madeira Blvd Unit L, Melville, NY 11747
- $645,000 Last Sold Price2 beds2.5 baths1,725 sq ft57 Northgate Cir #57, Melville, NY 11747Listing by Signature Premier PropertiesList Price$649,998Sale to List1% under listDays on Market105 days57 Northgate Cir #57, Melville, NY 11747
- $820,000 Last Sold Price3 beds2 baths—sq ft38 Cawfield Ln, Melville, NY 11747Listing by Redfin Real EstateList Price$819,999Sale to List0% over listDays on Market167 days38 Cawfield Ln, Melville, NY 11747
- $500,000 Last Sold Price2 beds1 bath—sq ft20 Altamore St, Melville, NY 11747Listing by Realty Maintained LLCList Price$489,918Sale to List2% over listDays on Market71 days20 Altamore St, Melville, NY 11747
- $975,000 Last Sold Price3 beds2.5 baths—sq ft194 Rivendell Ct Unit -, Melville, NY 11747Listing by Compass Greater NY LLCList Price$925,000Sale to List5% over listDays on Market71 days194 Rivendell Ct Unit -, Melville, NY 11747
- $534,100 Last Sold Price4 beds2.5 baths—sq ft4 Roe St, Melville, NY 11747Listing by VYLLA HomeList Price$659,900Sale to List19% under listDays on Market109 days4 Roe St, Melville, NY 11747
- $801,000 Last Sold Price3 beds2 baths—sq ft12 Howard Pl, Melville, NY 11747Listing by Douglas Elliman Real EstateList Price$749,000Sale to List7% over listDays on Market77 days12 Howard Pl, Melville, NY 11747
- $999,000 Last Sold Price5 beds3 baths—sq ft34 Elkland Rd, Melville, NY 11747Listing by Douglas Elliman Real EstateList Price$849,000Sale to List18% over listDays on Market59 days34 Elkland Rd, Melville, NY 11747
See all recently sold homes in Melville.
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Schools in Melville
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Sunquam Elementary School Public • K-5 | 530 Students | 7 reviews |
3/10 Birchwood Intermediate School Public • 3-5 | 625 Students | 6 reviews |
Climate's impact on Melville housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Melville.
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Fire Factor - Moderate
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Wind likelihood over time
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Transportation in Melville
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