Melrose, MA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Melrose, MA is $849,900, up 12.3% year-over-year. Homes sell in an average of 32 days with 20 active listings. The market is currently a strong seller's market.
$849,900median sale price
Is Melrose a buyer's or seller's market?
Melrose, MA is currently a strong seller's market, based on 1.1 months of supply and homes selling in about 32 days. How we determine this →
Homes sold
19
Last 12 weeks
Days on market
32
Average pace
Active listings
20
1.1 months supply
Sale-to-list
100.6%
Above asking
Melrose, MA market data
| Metric | Value |
|---|---|
| Median sale price | $849,900 |
| Median list price | $749,999 |
| Year-over-year price change | +12.3% |
| Average days on market | 32 days |
| Active inventory | 20 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 100.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated weekly
The Melrose housing market is currently classified as a strong seller's market with a median sale price of $849,900. Prices have risen 12.3% compared to last year, with homes spending an average of 32 days on market, indicating 1.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Melrose
There are currently 20 homes listed for sale in Melrose, Massachusetts. The median listing price is $750K.
Active listings
20
Homes on market
Median list price
$750K
Avg. days on market
32
Days until sale
New this week
15
Newly listed
Top public schools in Melrose
8 schools tracked · 3,892 students
The largest public schools serving Melrose, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Melrose High
Grades 9-12 · 959 students
Melrose Middle
Grades 6-8 · 910 students
Lincoln
Grades K-5 · 412 students
Roosevelt
Grades K-5 · 403 students
Winthrop
Grades K-5 · 401 students
Herbert Clark Hoover
Grades K-5 · 283 students
Horace Mann
Grades K-5 · 266 students
Early Childhood Center
Grades PK-K · 258 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Melrose?
The median home sale price in Melrose is $849,900, up 12.3% from last year.
How long do homes stay on market in Melrose?
Homes typically spend 32 days on market before going under contract.
Is Melrose a buyer's or seller's market?
With 1.1 months of supply, Melrose is currently a strong seller's market.
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