All Home Types
Melrose, MA Housing Market
What is the housing market like in Melrose today?
In October 2024, Melrose home prices were up 4.9% compared to last year, selling for a median price of $755K. On average, homes in Melrose sell after 20 days on the market compared to 14 days last year. There were 24 homes sold in October this year, up from 21 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$755,450
+4.9% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Melrose, MA
$755,450
+4.9%
United States
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Melrose Migration & Relocation Trends
In Sep '24 - Nov '24, 18% of Melrose homebuyers searched to move out of Melrose, while 82% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Melrose from outside metros.
- New York homebuyers searched to move into Melrose more than any other metro followed by Hartford and Philadelphia.
Where are people moving to Melrose from?
- 82% of Melrose homebuyers searched to stay within the Melrose metropolitan area.
- Portland was the most popular destination among Melrose homebuyers followed by Lebanon and Miami.
Where are people from Melrose moving to?
Number of People Moving to Melrose
least
most
People are moving to Melrose from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,152 | ||
| 2 | 2,245 | ||
| 3 | 1,911 | ||
| 4 | 578 | ||
| 5 | 551 | ||
| 6 | 479 | ||
| 7 | 474 | ||
| 8 | 390 | ||
| 9 | 220 | ||
| 10 | 93 | ||
People are leaving Melrose for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 4,313 | ||
| 2 | 1,912 | ||
| 3 | 1,017 | ||
| 4 | 634 | ||
| 5 | 618 | ||
| 6 | 615 | ||
| 7 | 508 | ||
| 8 | 500 | ||
| 9 | 462 | ||
| 10 | 433 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Melrose.
Provided by First Street Foundation
Transportation in Melrose
Learn about the walkability, bikeability, and transit-friendliness of Melrose
Somewhat Walkable
Walk Score®
Some Transit
Transit Score®
Somewhat Bikeable
Bike Score®
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