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Bellevue Cedar Park Colonial Park Downtown East Side (Upham Hill) Fells Forestdale Golden Hills (the Golden Hills) Greenwood Horace Mann Melrose Highlands (the Highlands) Mount Hood (Mt. Hood) North Medford (Fulton Heights) Oak Grove (Pine Banks) Wyoming

MELROSE, MA 02176

Real Estate Market Report  ·  Middlesex County
Buyer's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 02176

Bellevue · Cedar Park · Colonial Park · Downtown · East Side (Upham Hill) · Fells · Forestdale · Golden Hills (the Golden Hills) · Greenwood · Horace Mann · Melrose Highlands (the Highlands) · Mount Hood (Mt. Hood) · North Medford (Fulton Heights) · Oak Grove (Pine Banks) · Wyoming

Market Analysis

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

The MELROSE, MA real estate market (02176) currently shows 88 active listings, with 50 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 51 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 26 days on market compared to 11 days last year.

The median listing price has fallen 13.5% year-over-year, from $912,225 to $789,450.

Whether you are buying or selling in MELROSE, MA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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%

Market Overview

Active Listings
88
⇧ 137.8% vs 37 last year
Pending
50
57% pending ratio
Median Price
$789,450
⇩ 13.5% vs $912,225 last year
Average Price
$862,782
⇩ 10.1% vs $959,729 last year
Days on Market
26
⇧ 136.4% vs 11 days last year

Price Per Square Foot

Median $/sqft
$467
⇧ 1.5% vs $460/sqft last year
Median Home Size
1,664 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 88 this year vs 37 last year
  • Days on market: 26 now vs 11 last year

Median & Average Pricing

Year over Year
  • Median: $789,450 (-13.5% YoY)
  • Average: $862,782 (-10.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.2 miles — 237 listings ($250,907,952 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
02176Melrose, MA 021760.0 mi19$17,017,122$734,600$895,638
02180Stoneham, MA 021802.3 mi16$11,797,040$576,950$737,315
01880Wakefield, MA 018803.3 mi22$18,229,134$739,900$828,597
02149Everett, MA 021493.4 mi11$6,592,300$573,950$599,300
02150Chelsea, MA 021504.3 mi19$8,782,845$470,000$462,255
01890Winchester, MA 018904.5 mi24$52,644,360$2,148,000$2,193,515
02144Somerville, MA 021445.0 mi16$20,704,224$1,304,725$1,294,014
02129Charlestown, MA 021295.2 mi12$12,998,616$856,243$1,083,218
02143Somerville, MA 021435.5 mi21$22,434,090$864,288$1,068,290
01940Lynnfield, MA 019405.6 mi15$35,619,690$1,735,500$2,374,646
01901Lynn, MA 019015.8 mi5$1,919,490$386,750$383,898
02141Cambridge, MA 021416.0 mi33$31,966,473$948,250$968,681
01902Lynn, MA 019026.2 mi24$10,202,568$457,400$425,107

Frequently Asked Questions

How many homes are for sale in MELROSE, MA 02176?

As of June 2026, there are 88 active listings in MELROSE, MA (zip code 02176), compared to 37 the prior year.

What is the median home price in MELROSE, MA 02176?

The median listing price in MELROSE, MA 02176 is $789,450 as of June 2026, a 13.5% decrease from $912,225 the prior year.

How long do homes stay on the market in MELROSE, MA?

Homes in MELROSE, MA 02176 spend an average of 26 days on the market before going under contract, compared to 11 days the prior year.

Is it a seller's or buyer's market in MELROSE, MA 02176?

Based on current inventory and days-on-market data as of June 2026, MELROSE, MA 02176 is currently a Buyer's Market. Inventory has increased compared to last year, with 51 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 26 days on market compared to 11 days last year.

How much can I save on real estate commission in MELROSE, MA?

With SELL123.com's maximum 3% commission, sellers in MELROSE, MA 02176 save an estimated $15,789 compared to a typical 5% commission on the median listing price of $789,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.