Melville, NY Housing Market

$902,184

0.5% 1-yr

The average Melville, NY home value is $902,184, down 0.5% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Melville Key Takeaways

Typical Home Values: $902,184

1-year Value Change: -0.5%

(Data through November 30, 2025)

Melville Housing Market Overview

--1-year Market Forecast

59For sale inventory(November 30, 2025)

16New listings(November 30, 2025)

--Median sale to list ratio

--Median sale price(October 31, 2025)

$1,096,333Median list price(November 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Melville

NameMedian ZHVI
Lower Melville--
Half Hollow--
Little Plains--
Halesite$886,313
North Wantagh$723,372
Wincoma--
New Cassel$643,710
Salisbury$801,834
Cove Neck--

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Melville Rental Market Trends

--Average rent in Melville(November 30, 2025)

$1,925National average rent(November 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.