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Featured local agent — Melvindale, MI
Sarah Mitchell
Compass Real Estate · Melvindale, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Melvindale, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$154,900median sale price
How is the Melvindale, MI housing market right now?
The median home sale price in Melvindale, MI is $154,900, up 6.1% year-over-year. Homes sell in an average of 13 days with 18 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Melvindale a buyer's or seller's market?
Melvindale, MI is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
13
Fast-moving
Active listings
18
1.4 months supply
Sale-to-list
96.4%
Below asking
What does the Melvindale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $154,900 |
| Median list price | $154,900 |
| Year-over-year price change | +6.1% |
| Average days on market | 13 days |
| Active inventory | 18 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 96.4% |
| Median price per sq ft | $143/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 14 |
| Listings with a price cut | 22.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Melvindale by property type?
How the Melvindale, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $146,500 | $144/sq ft | 12 | 15 days |
| Condo / Co-op | $154,900 | $124/sq ft | 1 | 13 days |
Source: Redfin · Updated monthly
The Melvindale housing market is currently classified as a strong seller's market with a median sale price of $154,900. Prices have risen 6.1% compared to last year, with homes spending an average of 13 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.5x provides context for how home values compare to local earning capacity.
Homes for sale in Melvindale
There are currently 18 homes listed for sale in Melvindale, Michigan. The median listing price is $155K.
Active listings
18
Homes on market
Median list price
$155K
Avg. days on market
13
Days until sale
New this week
14
Newly listed
Who lives in Melvindale?
Population
12,605
Median income
$41,356/yr
Median age
31.6 years
Owner-occupied
60.0%
College grads
15.0%
Avg commute
25.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Melvindale?
Zillow home value
$144,279
Zillow rent index
$1,078/mo
Price-to-rent ratio
11.2x
Price-to-income
3.5x
Source: Zillow Research
What is it like to live in Melvindale?
Melvindale is a community of approximately 13K residents with a median age of 31.6 years.The median household income is $41,356, which represents a working-class community with solid middle-income opportunities. 15.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.0%, showing a blend of owner and renter-occupied properties. The average commute time is 25.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Melvindale offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Melvindale?
3 schools tracked · 1,795 students
The largest public schools serving Melvindale, MI 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.
Allendale Elementary School
Grades 2-5 · 889 students
Julian O Strong Middle School
Grades 6-8 · 669 students
Academy for Business and Technology High School
Grades 6-12 · 237 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Melvindale, MI?
Want a head-to-head view? Compare Melvindale side-by-side with any other U.S. city using our market-comparison tool.
Is Melvindale a good real estate investment market?
For investors evaluating Melvindale, the price-to-rent ratio of 11.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 6.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Melvindale's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Melvindale's median home price.
Frequently asked questions
What is the average home price in Melvindale?
The median home sale price in Melvindale is $154,900, up 6.1% from last year.
How long do homes stay on market in Melvindale?
Homes typically spend 13 days on market before going under contract.
What is the median income in Melvindale?
The median household income is $41,356 per year.
Is Melvindale a buyer's or seller's market?
With 1.4 months of supply, Melvindale is currently a strong seller's market.
What is the Zillow home value estimate for Melvindale?
The Zillow Home Value Index (ZHVI) for Melvindale is $144,279, representing the typical home value in the area.
What is the median condo price in Melvindale?
The median condo/co-op sale price in Melvindale, MI is $154,900, compared to $146,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Melvindale?
The median single-family home price in Melvindale, MI is $146,500 (about $144 per square foot).
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