Melville, NY Foreclosures
How much do homes sell for in Melville, NY?
The average home price is currently $964,931.
In Melville, NY, how many homes are available?
There are currently 20 active home listings available in Melville.
What’s the average rental cost in Melville, NY?
The average rental price in Melville is $3,399.
What is the most expensive home in Melville?
The most expensive home sold in Melville had a price of $16,575,727.
What is currently the cheapest priced home in Melville, NY?
The cheapest home for sale in Melville is priced at $18,488.
Living in Melville, NY
Melville, NY, is a thriving suburban community in Long Island, known for its excellent schools and convenient access to both nature and urban amenities. With beautiful parks, shopping centers, and a strong sense of community, it is an ideal place for families and professionals seeking a balanced lifestyle.
Current Market Conditions in Melville, NY
The real estate market in Melville remains strong, as demand continues to rise, driven by the area's appealing qualities such as top-rated schools and ample recreational opportunities. Over the last year, Melville has experienced an increase in home prices, as more buyers are looking for single-family homes within desirable school districts. There is a healthy inventory of properties available, catering to both buyers looking for starter homes and those seeking more luxurious options.
Recent trends indicate that homes are selling faster than last year, suggesting a competitive environment for buyers. Although interest rates have fluctuated, many homebuyers are still actively seeking residences in Melville due to the area's charm, safety, and family-oriented environment.
Home Value Estimator For Melville, NY
There are currently 7,033 real estate properties
in Melville, NY,
with a median automated valuation model (AVM) price
of $836,190.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Melville, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Melville, NY,
is $964,931.00, with the most expensive house
in Melville, NY, topping out
at $16,575,727.00 and the cheapest home
in Melville, NY,
clocking in at $18,488.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Melville, NY!
Rent Prices
In Melville, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Melville, NY, is on
a rollercoaster ride. The
average rent price in Melville, NY,
is $3,399.00. Indeed, when looking to rent in
Melville, NY, you can expect to pay as little
as $1,340.00 or as much
as $7,020.00,
with the average rent median estimated to
be $3,260.00. The good news is that finding
an affordable and desirable property to rent in Melville, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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