The Melrose housing market is very competitive. The median sale price of a home in Melrose was $267K last month, up 35.1% since last year. The median sale price per square foot in Melrose is $130, up 7.0% since last year.
In May 2025, Melrose home prices were up 35.1% compared to last year, selling for a median price of $267K.
$214K
Sale Price
-29.8% since last year
$130
Sale $/Sq. Ft.
+7.0% since last year
Under List Price
2.3%
Days on Market
25
Down Payment
—
Total Homes Sold
9
To compare other locations to the Melrose and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Melrose add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Melrose housing market?
Melrose is very competitive. Homes sell in 25 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 11 days.
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.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Melrose housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Melrose.
Flood Factor - Minor
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Melrose has a minor risk of flooding. 107 properties in Melrose are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Melrose. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Melrose has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Melrose is most at risk from severe storms. 1,427 properties in Melrose have some risk of being in a severe wind event within the next 30 years.