Real Estate Market Trends in Melrose, MA. Buyers made an offer above listing price with 20% down, but there ended up being 38 offers in total. The 3,303 sq. Last Page link. Additionally, there are 46 rentals, with a range of $1.3K to $3K per month. Homes in Melrose receive 8 offers on average and sell in around 17 days. Home Values in Melrose, MA. Approximately 64.83% of Melrose homes … Of the total homes in Melrose, MA 02176 61… The median property value in Melrose, MA is $508,700, and the homeownership rate is N/A%. View for neighborhood property values, nearby sales and find your perfect home in Melrose, MA 02176 The total number of households is 11,256 with 2 people per household on average.The median age of the current population is 40 with 13,418 people being married and 10,298 being single. It has 3 bedrooms, 2 bathrooms. ft. single-family home is a 3 bed, 3.0 bath property. The rent for 1 bedrooms is normally $1,000+/month including utilities. In Melrose, the home price to income ratio is 5, which is 4.2% higher than the Massachusetts average. This chart shows the change in the median price of single-family homes in Massachusetts communities over the last five years. Oak Grove - Pine Banks is the most affordable neighborhood, with a median listing price of $599.9K. Median Home Sales Price… Melrose Homes For Sale $569,000; Boston Homes For Sale $554,600; Cambridge Homes For Sale $726,000; Chelsea Homes For Sale $335,300; Everett Homes For Sale $369,900; Lynn Homes For Sale $306,400; Lynnfield Homes For Sale $620,300; Malden Homes For Sale $396,100; Medford Homes … Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. The home price to income ratio compares the median home prices to the median household income. The average price of homes sold in Melrose, MA is $ 647,500. Melrose's home resale inventories is 37, which increased 42 percent since August 2019. The median price of a single-family home has shot past the $1 million mark in several cities and towns across the Boston area during the first half of 2015, the latest real estate stats show. first-last. The median list price per square foot in Melrose, MA 02176 is $321. Recently Sold Homes in Melrose, MA have a median listing price of $699,000 and a price per square foot of $371. What's Your Home Worth? $274,900. More Market Info Recent Sales. Demographic Data for Melrose, MA Median Age: 44.24 Married: 45% Number of Households: 12,113 Households with Children: 3,532 Community: Population by Age Population by Ethnicity Population by Education Households by Income Median … There are 2 homes for rent in Melrose, MA. You can research home values, browse Melrose's hottest homes… In the past 12 months, the price of homes sold in Melrose ranged between $200,000 and $1,075,000. a minimal amount of infrastructure for biking. Homes sell for about 5% above list price and go pending in around 17 days. View 23 photos of the 41 Goss Ave house and other property details on Rocket Homes. Melrose, MA - Peer Comparisons by Rank and Percentile. Most people in Melrose, MA commute by N/A, and the average commute time is 32.4 minutes. Melrose is located in Massachusetts. The average sale price per square foot in Melrose is $400, up 15.6… The table below compares Melrose to the other 245 incorporated cities, towns and CDPs in Massachusetts by rank and percentile using July 1, 2020 data. Consider buying or renting a home in one of these popular neighborhoods. Sold. The Melrose housing market is most competitive. Melrose Home Prices & Values Zillow Home Value Index The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Better Homes and Gardens Real Estate estimates the median home price in Melrose is $799,000. Approximately 64.83% of Melrose homes … The median list price per square foot in Melrose is $383. $470,000. The Melrose housing market is most competitive. Search Melrose, MA 02176 home values, property records, real estate, and MLS Listings. Prices in Melrose, MA for rental homes start at $2,200. Coldwell Banker estimates the median home price in Melrose is $699,900. View Melrose median home price data from the past … The median list price in Melrose went up 5% from August to September. The median property value in Melrose, MA is $508,700, and the homeownership rate is N/A%. 41 Goss Ave, Melrose, MA, 02176 is a 1,553 SqFt house listed for-sale at $650,000. 8/7/2018 267 1st St Melrose sold for $275,649: More Recent Sales. Median Square Footage 1,842 There are currently 108 properties with a median home value in Melrose, MA 02176 of $591,000. Melrose, MA Home Reports Search property reports to locate Melrose property information and Melrose home values using our Homefacts database. Melrose, MA real estate overview, Melrose real estate market trends, school information, homes for sale and more! Melrose home values have gone up 2.5% over the past year and Zillow predicts they will fall -1.4% within the next year. Approximately 64% of Melrose homes … Melrose MA real estate listings updated every 15min. Average Home Values By City. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! This home was built in 1950 and last sold on 10/2/2020 for $1,365,000. While COVID has forced residents to spend more time at home, two Massachusetts cities are among the top booming housing markets in the country. The ratio of the house price to the median household income is one method used to figure out home affordability. On average, homes in Melrose, MA sell after 61 days on the market. This is higher than the county median home value of $ 454,300. As of December 2020, the average apartment rent in Melrose, MA is $1,723 for a studio, $1,927 for one bedroom, $2,385 for two bedrooms, and $3,713 for three bedrooms. Horace Mann has a median listing price of $814K, making it the most expensive neighborhood. Last year, 290 homes were sold while median home prices increased by 12.4%. SCHOOLS Melrose public schools spend $12,796 per student. The average sale price of a home in Melrose was $685K last month, up 2.6% since last year. ... Market Statistics. We’re sending people off to Melrose MA it seemed like it will now take $650,000 to buy a decent home. Right now, there are 30 homes listed for sale in Melrose, including 10 condos and 0 foreclosures. Renting a house is the answer. Overall the median price of a SFH in Essex County and Massachusetts increased 1% in the first half of 2015, but there were wide variations from town to town.The post Essex County Median Home Prices … The national median home value is $ 231,815. In Melrose, the median listing price is $644,950. The median rent price in Melrose is $1,362 and most residents own their homes. ... Melrose, MA 02176. Last. The location Ranked # 1 has the highest value. View 40 photos of the 20 Albion St house and other property details on Rocket Homes. 617-472-4330. Discover more Melrose listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction. The new residents of Melrose said it’s filling up fast with downtown Boston residents, have been … View the sales statistics for the towns you choose. The median listing price per square foot was $371. 145 Wellman Avenue. At $365,000, the year-to-date median home sale price in Massachusetts is up 4.9 percent over last year and raising eyebrows among buyers, sellers and those left on the outside of the market activity.But data released Wednesday shows sellers are getting far higher prices in many areas while buyers have been able to purchase homes for much less in others, largely based around proximity to … Melrose has above average elementary schools. Melrose is less family-centric than the surrounding county with 29% of the households containing married families with children. The median list price in Melrose is $564,900. … March 2019 cost of living index in Melrose: 138.6 (high, U.S. average is 100) Melrose, MA residents, houses, and apartments details Median Price: $676,082. Most homes get multiple offers, often with waived contingencies. Melrose also borders Spot Pond and the extensive Middlesex Fells reservation, so there's no shortage of green space for residents to enjoy. Melrose Home Affordability When searching for real estate in Melrose, MA, home affordability is a critical aspect. Our free service analyze millions of home sales to find the perfect agent for you. Only showing 5 of Craziness. There are 13,525 male residents living in Melrose and 14,591 female residents. Apartment rent in Melrose has decreased by -9.2% in the past year. — some errands can be accomplished on foot. Prices for rental property include ZIP code 02176 apartments, townhouses, and homes that are primary residences. Both Melrose and Massachusetts as a whole saw the median sale price for a single-family home increase last month. The median home value—condos, single-family, etc.—in Melrose rose by 19.7% over the past year, according to Realtor.com data from March 2019. Statewide, the median selling price was $313,001, up 6.3 percent from $294,500 a year earlier. The average sale price per square foot in Melrose is $400, up 15.6% since last year. The average school expenditure in the U.S. is $12,383. As of November 2020, the average apartment rent in Melrose, MA is $1,723 for a studio, $1,927 for one bedroom, $2,385 for two bedrooms, and $3,713 for three bedrooms. Right now, there are 61 homes listed … Apartment rent in Melrose has decreased by -9.2% in the past year. Sold. The average car ownership in Melrose, MA … A cost of housing score of 1 indicates most expensive while a 10 represents cheapest. Source: The Warren Group. The county average for households married with children is 29%. According to Zillow, the median home value in Melrose is $457,900, up over six percent from the previous year. There are currently 10 properties with a median home value on Pilgrim Rd of $925,950, $239,926 more than this home. Featured Properties. Rentals in 02176 are most commonly 1 bedrooms. Of the total homes on Pilgrim Rd, 64% are For Sale, 36% are For Rent, and 62% are Single Family Homes. View more property details, sales history and Zestimate data on Zillow. The median price per square foot in Melrose has increased by 15.6% over the past year. The median home value in Melrose, MA is $ 650,000. The median home value in Melrose, MA is $ 647,500. It has 3 bedrooms, 2 bathrooms. * To verify enrollment eligibility, contact the school or district directly. Coldwell Banker estimates the median home price in Melrose is $699,900. There are 56 homes for sale, ranging from $249.9K to $2.4M. MA / Melrose Apartments; Melrose snapshot. 7 elementary schools. The median sale price for single-family homes in Melrose in February dipped from $430,000 in 2012 to $410,000 this year, according to the report. Mean prices in 2017: all housing units: $505,607; detached houses: $535,651; townhouses or other attached units: $663,805; in 2-unit structures: $424,555; in 3-to-4-unit structures: $335,423; in 5-or-more-unit structures: $256,034 Median gross rent in 2017: $1,303. The average sale price of a home in Melrose was $685K last month, up 2.6% since last year. The median home cost in Melrose is $620,100. 41 Goss Ave, Melrose, MA, 02176 is a 1,553 SqFt house listed for-sale at $650,000. Melrose Massachusetts Homes for Sale, Melrose Massachusetts Real Estate. You can research home values, browse Melrose's hottest homes, and see what Coldwell Banker… And it won’t necessarily cost an arm and a leg to rent the perfect home for your family. Single-family homes spent an average of … The median home value in Melrose, MA is $ 645,000. Most people in Melrose, MA commute by N/A, and the average commute time is 32.4 minutes. The median sale price was $750K. Median Taxes: $8,627. Fitchburg has the third lowest home price to income ratio in the state, with a median home price of $190,900 and a median income of $55,277. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. 18 Homes For Sale in Melrose, MA. New Single Family Homes for Sale in Melrose, MA. Homes in Melrose receive 8 offers on average and sell in around 19 days. A rental house offers flexibility This is higher than the county median home value of $ 454,300. … A parking space is included with the sales price. The national median home value is $ 185,800. In the past month, 46 homes have been sold in Melrose. Tornado activity: Winchester-area historical tornado activity is near Massachusetts state average.It is 41% smaller than the overall U.S. average.. On 6/9/1953, a category F4 (max. The median list price in Melrose is $564,900. wind speeds 207-260 mph) tornado 22.0 miles away from the Winchester place center killed 90 people and injured 1228 people and caused between $50,000,000 and $500,000,000 in damages. Find out by comparing median home prices in Melrose over the past three years with our interactive graph, or get a weekly glance with the table view. Median residential condo prices, 2001-2005. Rising property values! The property to be purchased must not exceed the maximum sale price for the particular community in which the house is located. The national median home value is $ 185,800. Homes in Melrose, MA sold for 4.21% above asking price on average in November 2020. Median household incomes for each city, town in Massachusetts Figures are from the U.S. Census Bureau's American Community Survey from 2013-17. There are 7 neighborhoods in Melrose. Melrose homes for sale range from $250K - $2.35M with the avg price of a 2-bed single family home of $473K. There are 9 schools in Melrose, MA. The median home value in Melrose is $157,461. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? Melrose properties typically sell for 102.76% of the list price. The median selling price for a single-family home edged up 2.6 percent, from $806,000 in July 2019 to $827,000 in July 2020. Therefore, the ratio of house price to income is 5.0x; this ratio is 4% higher than the … To verify enrollment eligibility for a property, contact the school directly. Homes in Melrose have a median value of $508,700. The average price of homes sold in Melrose, MA is $ 650,000. One affordable, two-bedroom unit with approximately 1,500 square feet of living space is being offered by lottery to eligible households earning up to 80% of the area median income. The median list price per square foot on Pilgrim Rd is $321, $141 more than this home. The median price per square foot in Melrose has increased by 14.2% over the past year. ... Melrose, MA 02176 p. Chelmsford, MA 01863. With 28,193 people, 11,256 houses or apartments, and a median cost of homes of $661,687, Melrose house prices are not only among the most expensive in Massachusetts, Melrose … 41 Gates St, Unit 2. Among Melrose homeowners, the median income is $112,552. Melrose is a city in Massachusetts and consists of 7 neighborhoods. Hot Homes can sell for about 11% above list price and go pending in around 8 days. In Melrose, MA, the median house price is $437,100, while the median income for households in the area is $87,712. There are 5 elementary schools, 1 middle school, 1 high school and 2 private & charter schools. The cost of housing in Melrose is more expensive than the United States average and earns a score of 1 out of 10. 35 Offers, highest offer went $20k over asking. Affordable 2-BR unit in Melrose, MA Unit - Melrose MA. Melrose, Massachusetts has a population of 28,981. Melrose's home resale inventories is 37, which increased 42 percent since August 2019. 40 South Street. 6 Franklin Ter. Luckily, you can forget the dreaded mortgage. This indicates that a monthly maximum of $2,626 should be spent by homeowners on all housing related costs. Century 21 estimates the median home price in Melrose is $699,900. The unit has a maximum sales price of $288,200 and an initial monthly Home-Owner Association (HOA) fee of $178. Right now, there are 30 homes listed for sale in Melrose, including 10 condos and 0 foreclosures. Home appreciation the last 10 years has been 4.1%. Melrose, MA Apartments for Rent with Laundry Page 1 / 1: 129 apartments for rent with laundry ... Home for rent. We’ll provide you with comprehensive and accurate data that includes average listing price and median sales price. Check out the homes in the area. It has 3 bedrooms, 2 bathrooms. City/town Median … , with a few nearby public transportation options. The average price of homes sold in Melrose, MA is $ 645,000. $526,760. Nine communities, from urban Cambridge to bucolic Lincoln, have seen their median home prices hit seven figures as demand for brand-name location combines with a shortage of homes for sale to drive up values. So you are less likely to find inexpensive homes in 02176. August 2019 was $364. In the past month, 48 homes have been sold in Melrose. View 23 photos of the 41 Goss Ave house and other property details on Rocket Homes… Most homes for sale in Melrose stay on the market for 20 days and receive 13 offers. The median household income in Melrose… The average car ownership in Melrose, MA is N/A per household. Some of the best neighborhoods in or around Melrose, Massachusetts are Melrose East Side, Melrose Highlands and Wyoming. Living in Fitchburg, you won't know what people are talking about when they say that Massachusetts is one of the most expensive states in America. The trend for median days on market in Melrose, MA has gone up since last month, and slightly up since last year. There are 56 homes for sale in Melrose, MA, 2 of which were newly listed within the last week. Housing Market Trends in Melrose, MA In September 2020, the median list price of homes in Melrose, MA was $699K, trending up 4% year-over-year. 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