Melrose, NM
Housing market overview · Updated weekly
$49,950median sale price
Homes sold
2
Last 12 weeks
Days on market
156
Average pace
Active listings
2
1.0 months supply
Sale-to-list
—
Below asking
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
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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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