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Featured local agent — Melrose, NM
Sarah Mitchell
Compass Real Estate · Melrose, NM
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Melrose, NM Housing Market & Real Estate
Housing market overview · Updated monthly ·
$49,950median sale price
How is the Melrose, NM housing market right now?
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. (Source: Redfin monthly MLS data, as of October 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
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
What does the Melrose housing market data show?
| 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 |
| Median price per sq ft | $33/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Melrose by property type?
How the Melrose, NM market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $49,950 | $33/sq ft | 2 | 156 days |
Source: Redfin · Updated monthly
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.
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
Who lives in Melrose?
Population
536
Median income
$33,333/yr
Median age
48.8 years
Owner-occupied
77.8%
College grads
5.4%
Avg commute
27.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Melrose?
Melrose is a community of approximately 1K residents with a median age of 48.8 years.The median household income is $33,333, which represents a working-class community with solid middle-income opportunities. 5.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Melrose offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve 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.
Which cities are near Melrose, NM?
Want a head-to-head view? Compare Melrose side-by-side with any other U.S. city using our market-comparison tool.
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.
What is the median income in Melrose?
The median household income is $33,333 per year.
Is Melrose a buyer's or seller's market?
With 1.0 months of supply, Melrose is currently a seller's market.
How much does a single-family home cost in Melrose?
The median single-family home price in Melrose, NM is $49,950 (about $33 per square foot).
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