Melrose, MN Housing Market
The Melrose housing market is somewhat competitive. The median sale price of a home in Melrose was $282K last month, down 7.5% since last year. The median sale price per square foot in Melrose is $190, up 61.0% since last year.
Melrose Housing Market Trends
In July 2025, Melrose home prices were down 7.5% compared to last year, selling for a median price of $282K.
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
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 29 days.
- Hot homescan sell for around list price and go pending in around 12 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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% below list price and go pending in around 27 days.
- Hot homescan sell for around list price and go pending in around 14 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 21 days.
Melrose Migration & Relocation Trends
- Across the nation, 0.76% 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.
- 77% of Melrose homebuyers searched to stay within the Melrose metropolitan area.
- Brainerd was the most popular destination among Melrose homebuyers followed by Duluth and Cape Coral.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 1,052 | ||
2 | 1,025 | ||
3 | 779 | ||
4 | 555 | ||
5 | 452 | ||
6 | 238 | ||
7 | 234 | ||
8 | 208 | ||
9 | 193 | ||
10 | 133 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jun '25 - Aug '25 | ||
1 | 612 | ||
2 | 486 | ||
3 | 210 | ||
4 | 190 | ||
5 | 126 | ||
6 | 91 | ||
7 | 59 | ||
8 | 55 | ||
9 | 48 | ||
10 | 44 |
View houses in Melrose that sold recently
Recently sold homes
- $160,000 Last Sold Price4 beds1 bath—sq ft412 1st St SW, Melrose, MN 56352List Price$169,900Sale to List6% under listDays on Market37 days412 1st St SW, Melrose, MN 56352
- $217,000 Last Sold Price3 beds2 baths—sq ft216 1st St SW, Melrose, MN 56352List Price$219,900Sale to List1% under listDays on Market62 days216 1st St SW, Melrose, MN 56352
- $150,0003 beds1 bath1,657 sq ft31385 333rd Ave, Melrose, MN 56352List Price—Sale to List—Days on Market—31385 333rd Ave, Melrose, MN 56352
- $439,0002 beds1 bath1,186 sq ft31074 County Road 17, Melrose, MN 56352List Price—Sale to List—Days on Market—31074 County Road 17, Melrose, MN 56352
- $289,7522 beds2 baths1,205 sq ft125 6th St NE, Melrose, MN 56352List Price—Sale to List—Days on Market—125 6th St NE, Melrose, MN 56352
- $355,000 Last Sold Price3 beds2 baths—sq ft33705 County Road 30, Melrose, MN 56352List Price$349,900Sale to List1% over listDays on Market68 days33705 County Road 30, Melrose, MN 56352
- $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 baths—sq ft419 2nd Ave SW, Melrose, MN 56352List Price$299,500Sale to List1% under listDays on Market46 days419 2nd Ave SW, Melrose, MN 56352
See all recently sold homes in Melrose.
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Schools in Melrose
- Elementary
- Middle
- High
GreatSchools Rating
7/10 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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