Oakwyn Realty Ltd.

Executive Summary

The Melville, Nova Scotia real estate market is currently classified as a seller's market. The median asking price is $337K, up 79.2% over the past 30 days.

There are currently 2 active listings. Inventory has decreased 92.3% compared to last month.

Currently, listings spend an average of 32 days on market and the average price per square foot is $205.

Detached properties make up the largest share of the Melville market at 90% of active listings with an average price of $203K. Condo listings follow at 10% (avg $93K).

Sales Activity & Absorption

Volume

2
Active
32
Avg DOM
0
New (30d)
0
New (7d)

Market Signals

0
Price Cuts (30d)
0
New (7d)
0
Price Cuts
0
New (7d)

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $337K, 20% down, 25yr amortization
$1,569/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a seller's market with strong demand and limited inventory. The Melville market currently has 2 active listings with a median price of $337K.

  • Prices rising (79.2% in 30 days)
  • Low price reduction rate (0% of listings)
  • Average price per square foot is $205

For Buyers

Competition is strong in Melville. Get pre-approved, work with a local agent, and be prepared to move quickly on properties you like. Consider expanding your search criteria.

For Sellers

Conditions favor sellers in Melville. Price confidently based on recent comparables, and consider professional staging to maximize offers. Multiple-offer scenarios are common.

Search Melville

Browse all 2 active listings.

View All Listings

Resources

Market data is calculated from active and recently sold MLS listings as of March 1, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.