The Melrose Highlands housing market is very competitive. The median sale price of a home in Melrose Highlands was $840K last month, up 42.9% since last year. The median sale price per square foot in Melrose Highlands is $535, up 22.7% since last year.
What is the housing market like in Melrose Highlands today?
In March 2024, Melrose Highlands home prices were up 42.9% compared to last year, selling for a median price of $840K. On average, homes in Melrose Highlands sell after 36 days on the market compared to 21 days last year. There were 6 homes sold in March this year, down from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$839,500
+42.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Melrose Highlands, MA
$839,500
+42.9%
United States
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How hot is the Melrose Highlands housing market?
Melrose Highlands is very competitive. Homes sell in 21.5 days.
0
100
77
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 5% above list price and go pending in around 22 days.
Hot homes
can sell for about 12% above list price and go pending in around 10 days.
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 Highlands housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Melrose Highlands.
Risk Factor
Flood Factor - Moderate
22% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Melrose Highlands has a moderate risk of flooding. 159 properties in Melrose Highlands are likely to be
severely affected
by flooding over the next 30 years. This represents 22% of all properties in Melrose Highlands. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Melrose Highlands has a moderate risk of wildfire. There are 96 properties in Melrose Highlands that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Melrose Highlands.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Melrose Highlands has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Melrose Highlands is most at risk from hurricanes. 1,304 properties in Melrose Highlands have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 90 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 99 mph.
97% of properties are at major
risk of heat over the next 30 years
Heat Factor
Melrose Highlands has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 97% of homes in Melrose Highlands have a Major Heat Factor®.
Melrose Highlands is expected to see a 128% increase in the number of days over 96ºF over the next 30 years. Melrose Highlands is expected to experience 8