Melville Real Estate Market Sees Home Sales Down

In this week's report, the number of homes sold in the Melville market slid to nine over the past 30 days, a decrease of 10.0% from last week's report. On the other hand, close-by Huntington Station registered 28 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Melville, with the median for this period rising from $665,000 to $765,000. Melville is a definite buyer's market, thanks to a big 19 months of inventory to choose from and a pullback in sales.

You can be the one to discover a gem in Melville by checking out these new listings:

$749K   $529K   $849K  

Get started right now by checking out Melville homes for sale or reviewing Melville real estate trends.

Demographic facts about Melville:

  • The population growth rating is 51. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $26.26/$1,000.
  • The area's commuter length breakdown is: <15 min (23.7%), 15-29 min (30.0%), 30-44 min (20.9%), 45-59 min (5.8%), >60 min (19.6%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Douglas Elliman Real Estate
Snapped 1 home in this area
Daniel Gale Assoc Inc Of E Nor
Snapped 3 homes in this area
Island Advantage Realty Llc
Snapped 1 home in this area

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