Todays Market Report

Melrose, MA

Single-Family Homes



Melrose, MA

Fri Apr 18 2025
This week the median list price for Melrose, MA is $789,000 with the market action index hovering around 77. This is less than last month's market action index of 81. Inventory has increased to 7. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Melrose, MA

Fri Apr 18 2025
This week the median list price for Melrose, MA is $789,000 with the market action index hovering around 77. This is less than last month's market action index of 81. Inventory has increased to 7. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Melrose market.
Median List Price $789,000
Median Price of New Listings $857,493
Per Square Foot $405
Average Days on Market 52
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 14%
Inventory 7
Median Rent
Market Action 77
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$1,599,000 3,942 8,000 - 10,000 sqft 4 2.5 134 1 0 0
$1,194,993 2,930 8,000 - 10,000 sqft 4 3 65 2 0 0
$752,000 2,591 0.25 - 0.5 acre 3 1.8 106 1 1 182
$649,949 1,466 0 - 4,500 sqft 3 1.5 84 2 0 0