The Melrose East Side housing market is most competitive. Homes in Melrose East Side receive 8 offers on average and sell in around 9 days. The median sale price of a home in Melrose East Side was $910K last month, up 14.8% since last year. The median sale price per square foot in Melrose East Side is $458, down 5.4% since last year.
What is the housing market like in Melrose East Side today?
In March 2024, Melrose East Side home prices were up 14.8% compared to last year, selling for a median price of $910K. On average, homes in Melrose East Side sell after 9 days on the market compared to 20 days last year. There were 13 homes sold in March this year, up from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$910,000
+14.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Melrose East Side, MA
$910,000
+14.8%
United States
To compare other locations to the Melrose East Side 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.
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How hot is the Melrose East Side housing market?
Melrose East Side is most competitive. Homes sell in 13.5 days.
0
100
92
Most 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 6 months
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 14 days.
Hot homes
can sell for about 11% above list price and go pending in around 8 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 East Side housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Melrose East Side.
Risk Factor
Flood Factor - Moderate
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Melrose East Side has a moderate risk of flooding. 197 properties in Melrose East Side are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Melrose East Side. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Melrose East Side has a minor risk of wildfire. There are 72 properties in Melrose East Side that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Melrose East Side.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Melrose East Side has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Melrose East Side is most at risk from hurricanes. 2,646 properties in Melrose East Side 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.
100% of properties are at major
risk of heat over the next 30 years
Heat Factor
Melrose East Side has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Melrose East Side have a Major Heat Factor®.
Melrose East Side is expected to see a 114% increase in the number of days over 96ºF over the next 30 years. Melrose East Side is expected to experience 7