Melrose, NM Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Melrose, NM is $49,950, down 77.3% year-over-year. Homes sell in an average of 156 days with 2 active listings. The market is currently a seller's market.
$49,950median sale price
Is Melrose a buyer's or seller's market?
Melrose, NM is currently a seller's market, based on 1.0 months of supply and homes selling in about 156 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
156
Average pace
Active listings
2
1.0 months supply
Sale-to-list
—
Below asking
Melrose, NM market data
| Metric | Value |
|---|---|
| Median sale price | $49,950 |
| Year-over-year price change | -77.3% |
| Average days on market | 156 days |
| Active inventory | 2 listings |
| Months of supply | 1.0 months |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Melrose housing market is currently classified as a seller's market with a median sale price of $49,950. Prices have fallen 77.3% compared to last year, with homes spending an average of 156 days on market, indicating 1.0 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 2 homes listed for sale in Melrose, New Mexico.
Active listings
2
Homes on market
Avg. days on market
156
Days until sale
Top public schools in Melrose
3 schools tracked · 294 students
The largest public schools serving Melrose, NM 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 ELEMENTARY
Grades PK-5 · 135 students
MELROSE HIGH
Grades 9-12 · 86 students
MELROSE JUNIOR
Grades 6-8 · 73 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 $49,950, down 77.3% from last year.
How long do homes stay on market in Melrose?
Homes typically spend 156 days on market before going under contract.
Is Melrose a buyer's or seller's market?
With 1.0 months of supply, Melrose is currently a seller's market.
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