Housing in Melrose, MA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$960,000
Median List Price
$849,000
Price Per Sq Ft
$445
Days on Market
15
Active Inventory
25
Months of Supply
2.1
Seller's market
Zillow Home Value
$871,901
ZHVI — January 2026
Zillow Rent Index
$2,804
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
83.3%
Off Market in 2 Weeks
56.3%
Sale-to-List Ratio
104.7%
Seller's market
Market Activity
Source: RedfinHomes Sold
12
New Listings
19
Pending Sales
16
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$445
Median List $/SF
$487
Melrose vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Melrose is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$796,100
Median Rent
$1,933
Total Housing Units
12,724
Vacancy Rate
2.8%
Owner Occupied
67.8%
Renter Occupied
32.2%
Median Property Tax
$7,107
per year
Monthly Cost (w/ Mortgage)
$2,529
Housing Types
The current median sale price in Melrose, MA is $960,000 according to Redfin data. Homes spend a median of 15 days on the market. 83.3% of homes sold above asking price. The market has 2.1 months of supply. The median price per square foot is $445. Zillow's observed rent index is $2,804/month. About 67.8% of housing units are owner-occupied. The median year homes were built is 1938. There are 12,724 total housing units.