Why Live in Melville
Melville, a small neighborhood in Portsmouth with a population of around 1,500, offers a blend of serene beach life and proximity to larger cities. Known for its creative dining scene and stunning mansions, Melville attracts both year-round residents and seasonal visitors. The neighborhood features well-regarded schools, including Melville Elementary, Portsmouth Middle School, and Portsmouth High School, all highly rated. Dining options include the Ragged Island Brewing Company, housed in a remodeled 1890s farmhouse, and the Gulf Stream Bar and Grill, offering seafood in a historic Navy training center. For outdoor activities, residents enjoy the Green Animals Topiary Garden, Portsmouth RI Dog Park, and Glen Park, which hosts various shows and sports facilities. Boating is popular, with several marinas available for docking. Homes in Melville range from inland ranches and bilevels to oceanfront Colonial Revivals and farmhouse-inspired ramblers, often featuring large porches with ocean views. The Carnegie Abbey Golf Club offers exclusive homes with access to a private course and stunning bluff views. While the area is remote, requiring a car for most errands, it remains tranquil and free from heavy traffic and airport noise. Nearby Bristol and Newport provide additional entertainment, including the Newport Folk and Jazz Festivals and the oldest Fourth of July parade in the country.
Home Trends in Melville, RI
On average, homes in Melville, Portsmouth sell after 98 days on the market compared to the national average of 51 days. The median sale price for homes in Melville, Portsmouth over the last 12 months is $829,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$829,000
Median Single Family Sale Price
$1,025,000
Median Townhouse Sale Price
$500,000
Median 2 Bedroom Sale Price
$817,500
Median 1 Bedroom Sale Price
$430,000
Average Price Per Sq Ft
$449
Number of Homes for Sale
14
Last 12 months Home Sales
37
Median List Price
$895,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
2%