$225,000 House For Sale
3 bed, 1.5 bath, 1,067 sqft
The median home value in Melrose is $232,600. Melrose home values have gone up 4.9% over the past year and Zillow predicts they will rise 3.2% within the next year. The median list price per square foot in Melrose is $165, which is lower than the New York average of $424. The median price of homes currently listed in Melrose is $260,000 while the median price of homes that sold is $330,000.
Foreclosures will be a factor impacting home values in the next several years. In Melrose 17.6 homes are foreclosed (per 10,000). This is greater than the New York value of 0.5 and also greater than the national value of 5.0more
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)