Housing in Melville, RI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — June 2025

Median Sale Price

$500,000

Median List Price

N/A

Price Per Sq Ft

$309

Days on Market

46

Active Inventory

N/A

Price Trends

Source: Redfin
Sale Price ↑ 71.5%Jul 24 → Jun 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

0.0%

Sale-to-List Ratio

97.1%

Buyer's market

Sold Above Asking
0.0%
Under Contract in 2 Wks
0.0%

Market Activity

Source: Redfin

Homes Sold

1

Pending Sales

1

Homes Sold ↓ 50.0%Pending ↑ 0.0%Jul 24 → Jun 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$309

Sale $/SF ↑ 11.2%Jul 24 → Jun 25

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

N/A

Median Rent

$2,591

Total Housing Units

677

Vacancy Rate

13.6%

Owner Occupied

3.8%

Renter Occupied

96.2%

Median Property Tax

N/A

per year

Monthly Cost (w/ Mortgage)

N/A

Housing Types

Single Family
71.8%
Multi-Family
28.2%
Mobile Home
0.0%

The current median sale price in Melville, RI is $500,000 according to Redfin data. Homes spend a median of 46 days on the market. 0.0% of homes sold above asking price. The median price per square foot is $309. The median rent is $2,591 per month (Census ACS). About 3.8% of housing units are owner-occupied. The median year homes were built is 1970. There are 677 total housing units.