Melrose, MN Housing Market
The Melrose housing market is very competitive. The median sale price of a home in Melrose was $214K last month, down 29.8% since last year. The median sale price per square foot in Melrose is $130, up 7.0% since last year.
Melrose Housing Market Trends
In June 2025, Melrose home prices were down 29.8% compared to last year, selling for a median price of $214K.
since last year
since last year

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How hot is the Melrose housing market?
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 26 days.
- Hot homescan sell for around list price and go pending in around 10 days.
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 6 months
- Some homes get multiple offers.
- The average homes sell for about 3% below list price and go pending in around 30 days.
- Hot homescan sell for around list price and go pending in around 13 days.
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 12 months
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 50 days.
- Hot homescan sell for around list price and go pending in around 15 days.
Melrose Migration & Relocation Trends
- Across the nation, 0.77% of homebuyers searched to move into Melrose from outside metros.
- Albuquerque homebuyers searched to move into Melrose more than any other metro followed by Miami and New York.
- 78% of Melrose homebuyers searched to stay within the Melrose metropolitan area.
- Brainerd was the most popular destination among Melrose homebuyers followed by Cape Coral and Duluth.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '25 - Apr '25 | ||
1 | 857 | ||
2 | 853 | ||
3 | 621 | ||
4 | 583 | ||
5 | 421 | ||
6 | 294 | ||
7 | 268 | ||
8 | 158 | ||
9 | 148 | ||
10 | 134 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '25 - Apr '25 | ||
1 | 463 | ||
2 | 255 | ||
3 | 232 | ||
4 | 151 | ||
5 | 129 | ||
6 | 82 | ||
7 | 79 | ||
8 | 70 | ||
9 | 62 | ||
10 | 50 |
View houses in Melrose that sold recently
Recently sold homes
- $267,500 Last Sold Price2 beds2 baths—sq ft706 Country Club Dr SW, Melrose, MN 56352List Price$274,900Sale to List3% under listDays on Market36 days706 Country Club Dr SW, Melrose, MN 56352
- $297,000 Last Sold Price4 beds2 baths2,008 sq ft419 2nd Ave SW, Melrose, MN 56352List Price$299,500Sale to List1% under listDays on Market46 days419 2nd Ave SW, Melrose, MN 56352
- $190,000 Last Sold Price4 beds2 baths—sq ft10 E Main St, Melrose, MN 56352List Price$190,000Sale to List0% over listDays on Market30 days10 E Main St, Melrose, MN 56352
- $182,000 Last Sold Price3 beds2 baths—sq ft302 E 2nd St S, Melrose, MN 56352List Price$169,900Sale to List7% over listDays on Market36 days302 E 2nd St S, Melrose, MN 56352
- $127,000 Last Sold Price4 beds2 baths—sq ft303 4th Ave SE, Melrose, MN 56352List Price$139,900Sale to List9% under listDays on Market85 days303 4th Ave SE, Melrose, MN 56352
- $280,0003 beds2 baths2,283 sq ft50 5th St NW, Melrose, MN 56352List Price—Sale to List—Days on Market—50 5th St NW, Melrose, MN 56352
- $312,500 Last Sold Price4 beds2 baths—sq ft684 Eagle Dr SW, Melrose, MN 56352List Price$319,900Sale to List2% under listDays on Market49 days684 Eagle Dr SW, Melrose, MN 56352
- $212,000 Last Sold Price3 beds2 baths—sq ft126 2nd St SW, Melrose, MN 56352List Price$214,900Sale to List1% under listDays on Market60 days126 2nd St SW, Melrose, MN 56352
See all recently sold homes in Melrose.
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Schools in Melrose
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Melrose Elementary School Public • PreK-5 | 471 Students | N/A |
NR Star Program Public • PreK-1 | - Students | N/A |
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
Flood Factor

Fire Factor - Minimal
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

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