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City / Town Overview

Melrose, MA

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Melrose, MA real estate market currently shows 69 active listings, with 32 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 47 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31 days on market compared to 12 days last year.

The median listing price has fallen 5.7% year-over-year, from $814,995 to $768,500.

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Market Context

Market Context

Population: 29,477  ·  Density: 2,430.2/mi²  ·  Median household income: $126,305

Typical home value: $734,221  ·  Homeownership: 65.8%

Included Areas

Melrose: 02176

Area Map

Market Overview

Active Listings
69
⇧ 213.6% vs 22 last year
Pending
32
46% pending ratio
Median Price
$768,500
⇩ 5.7% vs $814,995 last year
Average Price
$884,059
⇩ 5.4% vs $934,161 last year
Days on Market
31
⇧ 158.3% vs 12 days last year

Price Per Square Foot

Median $/sqft
$505
⇧ 10.5% vs $457/sqft last year
Median Home Size
1,490 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %