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Featured local agent — Melissa, TX
Sarah Mitchell
Compass Real Estate · Melissa, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Melissa, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$429,750median sale price
How is the Melissa, TX housing market right now?
The median home sale price in Melissa, TX is $429,750, down 17.8% year-over-year. Homes sell in an average of 52 days with 174 active listings. The market is currently a leaning buyer's. (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 Melissa a buyer's or seller's market?
Melissa, TX is currently a leaning buyer's, based on 4.4 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
40
Last 12 weeks
Days on market
52
Average pace
Active listings
174
4.4 months supply
Sale-to-list
98.2%
Below asking
What does the Melissa housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $429,750 |
| Median list price | $472,500 |
| Year-over-year price change | -17.8% |
| Average days on market | 52 days |
| Active inventory | 174 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $183/sq ft |
| Homes sold (latest month) | 40 |
| New listings (latest month) | 64 |
| Listings with a price cut | 37.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Melissa by property type?
How the Melissa, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $430,000 | $183/sq ft | 38 | 49 days |
| Townhouse | $317,400 | $181/sq ft | 2 | 268 days |
Source: Redfin · Updated monthly
The Melissa housing market is currently classified as a leaning buyer's with a median sale price of $429,750. Prices have fallen 17.8% compared to last year, with homes spending an average of 52 days on market, indicating 4.4 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 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Melissa
There are currently 174 homes listed for sale in Melissa, Texas. The median listing price is $473K.
Active listings
174
Homes on market
Median list price
$473K
Avg. days on market
52
Days until sale
New this week
64
Newly listed
Who lives in Melissa?
Population
17,497
Median income
$137,875/yr
Median age
36.5 years
Owner-occupied
88.3%
College grads
52.2%
Avg commute
32.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Melissa?
Zillow home value
$430,722
Zillow rent index
$1,927/mo
Price-to-rent ratio
18.6x
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Melissa?
Melissa is a community of approximately 17K residents with a median age of 36.5 years.The median household income is $137,875, which reflects a relatively affluent area with strong earning potential. 52.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Melissa offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Melissa?
5 schools tracked · 5,243 students
The largest public schools serving Melissa, TX 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.
MELISSA H S
Grades 9-12 · 1,762 students
MELISSA MIDDLE
Grades 6-8 · 1,472 students
HARRY MCKILLOP EL
Grades K-5 · 944 students
NORTH CREEK EL
Grades K-5 · 825 students
MELISSA RIDGE EDUCATION CENTER
Grades PK · 240 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 Melissa, TX?
Want a head-to-head view? Compare Melissa side-by-side with any other U.S. city using our market-comparison tool.
Is Melissa a good real estate investment market?
For investors evaluating Melissa, the price-to-rent ratio of 18.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 17.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Melissa's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Melissa's median home price.
Frequently asked questions
What is the average home price in Melissa?
The median home sale price in Melissa is $429,750, down 17.8% from last year.
How long do homes stay on market in Melissa?
Homes typically spend 52 days on market before going under contract.
What is the median income in Melissa?
The median household income is $137,875 per year.
Is Melissa a buyer's or seller's market?
With 4.4 months of supply, Melissa is currently a leaning buyer's.
What is the Zillow home value estimate for Melissa?
The Zillow Home Value Index (ZHVI) for Melissa is $430,722, representing the typical home value in the area.
How much does a single-family home cost in Melissa?
The median single-family home price in Melissa, TX is $430,000 (about $183 per square foot).
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