$324,900 House For Sale
2 bed, 2.5 bath, 1,404 sqft
The median home value in Melrose is $314,300. Melrose home values have gone up 7.8% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in Melrose is $228, which is higher than the Nashville average of $114. The median price of homes currently listed in Melrose is $530,000 while the median price of homes that sold is $315,956. The median rent price in Melrose is $1,499, which is higher than the Nashville median of $1,300.
Foreclosures will be a factor impacting home values in the next several years. In Melrose 9.9 homes are foreclosed (per 10,000). This is greater than the Nashville value of 5.8 and also greater than the national value of 4.4more
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
Homes foreclosed (per 10,000)
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