Melrose, MA Home Values & Market Trends
Real estate market trends reflect that there have been 281 transactions over the past year in Melrose. The median value for residential home transactions that occurred over the previous year is $822,215.44. The number of current listings in Melrose is 4, and the percentage of properties for sale in the city is 4.00%. Melrose, MA currently has 3 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 4 properties for sale.
Melrose, MA Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 02176 | $ 655,926 $ 352/sqft |
Housing Market Summary for Melrose, MA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $824.5K | $751.5K | -8.85% |
| Median Sold Price | $758.7K | $751.5K | -0.95% |
| Homes For Sale | 4 | 4 | - |
| Homes Sold | 146 | 131 | -10.27% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Melrose, MA
Browse Homes in Melrose, MA
Melrose home values range from $69,101 to $3,178,275. The median estimated value of a home in Melrose is $822,215.44. The median list price of a home is 681,500, and the total count of properties in the city is 8,446.
- Pre-ForeclosurePre-foreclosure homes account for 0.02% of all residential properties in Melrose, MA with 02176 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Melrose, MA; of that zips, the estimated home value for pre-foreclosure homes ranges from $912,600 in 02176 to the lowest home value of $739,668 in 02176.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Melrose, MA ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Melrose, MA. There is 1 zips within Melrose, MA; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions02176 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Melrose, MA. Auction homes and other auction properties account for 0.01% of all properties in Melrose, MA. There is 1 zips within Melrose, MA; of that zips, the median estimated home value for homes going to auction ranges from $892,701 in 02176 to the lowest value of $892,701 in 02176.
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Guide for Melrose, MA
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