Is Melville, NY 11747 a buyer’s or seller’s market?
Melville is a seller’s market. With about 2.3 months of supply and 57% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#62 of 125 ZIP codes in Nassau & Suffolk counties, NY, and #285 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Melville housing market right now
In the three months ending August 31, 2026, 57% of homes in Melville, NY 11747 sold above their list price, the typical home went under contract in 23 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 65 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 49%, homes sold faster (25 days then) and the median sale price rose 11% to $998,568. Overall, Melville is more competitive than a year ago, so tougher for buyers.
Within Suffolk County, homes here sell faster than in 68% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Melville ranks #242 of 649 NY ZIP codes with enough sales (score 86 out of 100).
Nearby, buyers who want less competition could look at Westhampton 11977 (0% sold over asking) or Water Mill 11976 (0% sold over asking), while West Sayville 11796 (100% sold over asking) and Peconic 11958 (100% sold over asking) are even more competitive.
Run the numbers for 11747
Nearby markets
Amagansett 11930Balanced $988 /sq ftAmityville 11701Seller’s market $442 /sq ftBabylon 11702Seller’s market $455 /sq ftBay Shore 11706Seller’s market $426 /sq ft Browse all markets →Towns like Melville nearby
Find towns like Melville in other states →Where Melville is
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Questions about Melville real estate
Is Melville a buyer’s or seller’s market?
A seller’s market: there were 2.3 months of supply in Melville, NY 11747 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Melville?
The typical home went under contract in 23 days in the latest three months.
Do homes in Melville sell over asking?
57% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Melville?
About 1.73% of a home’s value a year in Suffolk County, or roughly $6,920 on a $400,000 home.
What is the median home price in Melville?
The median sale price was $998,568 in the three months ending August 31, 2026, about $486 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology