The Melrose-Rugby housing market is very competitive. The median sale price of a home in Melrose-Rugby was $174K last month, up 14.5% since last year. The median sale price per square foot in Melrose-Rugby is $97, down 13.4% since last year.
What is the housing market like in Melrose-Rugby today?
In October 2024, Melrose-Rugby home prices were up 14.5% compared to last year, selling for a median price of $174K. On average, homes in Melrose-Rugby sell after 24 days on the market compared to 8 days last year. There were 12 homes sold in October this year, down from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$174,000
+14.5% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Melrose-Rugby, VA
$174,000
+14.5%
United States
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How hot is the Melrose-Rugby housing market?
Melrose-Rugby is very competitive. Homes sell in 10 days.
0
100
78
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 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 10 days.
Hot homes
can sell for about 1% above list price and go pending in around 4 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-Rugby housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Melrose-Rugby.
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Melrose-Rugby has a minor risk of flooding. 200 properties in Melrose-Rugby are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Melrose-Rugby. 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-Rugby has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Melrose-Rugby is most at risk from hurricanes. 1,952 properties in Melrose-Rugby 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 47 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 55 mph.