Todays Market Report

Melrose, MA

Single-Family Homes



Melrose, MA

Fri May 09 2025
This week the median list price for Melrose, MA is $799,900 with the market action index hovering around 79. This is an increase over last month's market action index of 77. Inventory has increased to 17. Click here to stay informed with the Melrose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Melrose, MA

Fri May 09 2025
This week the median list price for Melrose, MA is $799,900 with the market action index hovering around 79. This is an increase over last month's market action index of 77. Inventory has increased to 17. Click here to stay informed with the Melrose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Melrose market.
Median List Price $799,900
Median Price of New Listings $980,000
Per Square Foot $405
Average Days on Market 27
Median Days on Market 7
Price Decreased 0%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 79
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,749,500 3,263 8,000 - 10,000 sqft 5 3.5 106 2 0 3
$980,000 2,539 4,500 - 6,500 sqft 4 2.5 89 3 1 0
$794,000 1,959 0.25 - 0.5 acre 3 1 115 1 0 7
$699,900 1,784 4,500 - 6,500 sqft 3 1.5 75 2 0 7