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Featured local agent — Melrose Park, NY
Sarah Mitchell
Compass Real Estate · Melrose Park, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Melrose Park, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$232,500median sale price
How is the Melrose Park, NY housing market right now?
The median home sale price in Melrose Park, NY is $232,500, down 11.9% year-over-year. Homes sell in an average of 152 days with 8 active listings. The market is currently a buyer'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 Melrose Park a buyer's or seller's market?
Melrose Park, NY is currently a buyer's market, based on 8.0 months of supply and homes selling in about 152 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
152
Average pace
Active listings
8
8.0 months supply
Sale-to-list
93.4%
Below asking
What does the Melrose Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $232,500 |
| Median list price | $252,400 |
| Year-over-year price change | -11.9% |
| Average days on market | 152 days |
| Active inventory | 8 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 93.4% |
| Median price per sq ft | $268/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 6 |
| Listings with a price cut | 25.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Melrose Park by property type?
How the Melrose Park, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $232,500 | $268/sq ft | 1 | 152 days |
Source: Redfin · Updated monthly
The Melrose Park housing market is currently classified as a buyer's market with a median sale price of $232,500. Prices have fallen 11.9% compared to last year, with homes spending an average of 152 days on market, indicating 8.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Melrose Park
There are currently 8 homes listed for sale in Melrose Park, New York. The median listing price is $252K.
Active listings
8
Homes on market
Median list price
$252K
Avg. days on market
152
Days until sale
New this week
6
Newly listed
Who lives in Melrose Park?
Population
1,951
Median income
$103,472/yr
Median age
47.4 years
Owner-occupied
95.8%
College grads
50.1%
Avg commute
17.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Melrose Park?
Melrose Park is a community of approximately 2K residents with a median age of 47.4 years.The median household income is $103,472, which reflects a relatively affluent area with strong earning potential. 50.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Melrose Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Melrose Park, NY?
Want a head-to-head view? Compare Melrose Park 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 Park?
The median home sale price in Melrose Park is $232,500, down 11.9% from last year.
How long do homes stay on market in Melrose Park?
Homes typically spend 152 days on market before going under contract.
What is the median income in Melrose Park?
The median household income is $103,472 per year.
Is Melrose Park a buyer's or seller's market?
With 8.0 months of supply, Melrose Park is currently a buyer's market.
How much does a single-family home cost in Melrose Park?
The median single-family home price in Melrose Park, NY is $232,500 (about $268 per square foot).
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