New - 2 days on Rocket
$8,194 Closing Credit¹
#819423, Listing Office: Signature Premier Properties
Melville Housing Market Report January 2025•Suffolk County, New York
Housing Prices in Melville, NY
How much do homes in Melville, NY cost?
Housing Market Conditions
Is Melville, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Melville is a Neutral Market
Difference Since January 2024
At the same time last year, Melville was a Seller's Market.
Insight
Melville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$905,000$446/SqFt
+$112,000
+14.1%
Based on all homes sold in the last 12 months
Insight
Homes in Melville have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Melville was $905,000 in January 2025, up 14.1% from last year, and the median price per square foot was $446.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| West Hills | $767.5K | $920K | +19.9% |
| Melville | $793K | $905K | +14.1% |
| South Huntington | $620K | $684.2K | +10.4% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $615K | $694.5K | +12.9% |
| 33 Bedrooms | $800K | $870K | +8.8% |
| 44 Bedrooms | $856.3K | $1.0M | +19.1% |
| 55+ Bedrooms | $1.3M | $1.4M | +3.8% |
Summary: Melville housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +12.9%. The home price for 3 bedroom homes increased by +8.8%. The home price for 4 bedroom homes increased by +19.1%. The home price for 5 bedroom homes increased by +3.8%.
Housing supply in Melville, NY
How many homes are available in Melville, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 74Last MonthJan 2025 | ||
| 672 months agoDec 2024 | +10.4 % Change MoMDec – Jan |
Summary: The Melville real estate market had 74 homes for sale in Jan 2025, a 10.4 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthJan 2025 | ||
| 72 months agoDec 2024 | +57.1 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 18 | 16 | -11.1% |
| 33 Bedrooms | 17 | 24 | +41.2% |
| 44 Bedrooms | 10 | 10 | 0.0% |
| 55+ Bedrooms | 22 | 24 | +9.1% |
Summary: Melville housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -11.1%. The inventory for 3 bedroom homes increased by +41.2%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +9.1%.
Asking Price vs. Sold Price
How much do homes in Melville, NY cost?
Over Asking Price3 Homes
At Asking Price0 Home
Under Asking Price8 Homes
Insight
If you're buying a home in Melville, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Melville in January 2025, up by 57.1% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and and 27% were sold over asking.
Days on Market for Melville, NY
How long does it take to sell a home in Melville, NY?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days3 Homes
Over 90 Days6 Homes
Insight
Most homes in Melville are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 11 homes were sold in Melville; 18% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 55% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 79 DaysThis YearJan 2025 | ||
| 34 Days1 year agoJan 2024 | +128.8 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Melville had an average listing age of 79 days in Jan 2025, up by 128.8% compared to the previous year.
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Newest Listings in Melville, NY
What homes are available in Melville, NY?
New - 3 days on Rocket
$7,125 Closing Credit¹
#819360, Listing Office: Signature Premier Properties
New - 3 days on Rocket
$10,000 Closing Credit¹
#817611, Listing Office: Douglas Elliman Real Estate
New - 4 days on Rocket
$9,369 Closing Credit¹
#818316, Listing Office: Signature Premier Properties
New - 4 days on Rocket
$9,607 Closing Credit¹
#818706, Listing Office: Property Professionals Realty
New - 4 days on Rocket
$7,422 Closing Credit¹
#818207, Listing Office: Property Professionals Realty
$9,902 Closing Credit¹
#816107, Listing Office: Signature Premier Properties
$9,619 Closing Credit¹
#813098, Listing Office: Compass Greater NY LLC
$10,000 Closing Credit¹
#815666, Listing Office: SRG Residential LLC
$10,000 Closing Credit¹
#814710, Listing Office: Douglas Elliman Real Estate
$10,000 Closing Credit¹
#814809, Listing Office: Douglas Elliman Real Estate
$10,000 Closing Credit¹
#814263, Listing Office: Signature Premier Properties
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MLS Disclaimers and Copyright
Based on information from OneKey MLS, for the period 02/01/2023 - 02/01/2025
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 2/2/2025, 10:11:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.