Melrose, MA Housing Market

$929,978

2.7% 1-yr

The average Melrose, MA home value is $929,978, up 2.7% over the past year, and homes go to pending in around 7 days. (Updated on 4/30/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Melrose Key Takeaways

Typical Home Values: $929,978

1-Year Value Change: +2.7%

(Data through April 30, 2026)

Melrose Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 45 (April 30, 2026)

New Listings: 27 (April 30, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $803,133 (April 30, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 7 (April 30, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Melrose

NameMedian ZHVI
East Side$1,014,962
Downtown$716,308
Wyoming$866,541
Cedar Park$1,056,368
Oak Grove/Pine Banks$828,615
Melrose Highlands$911,607
Mount Hood$920,969
Forestdale$695,698
Maplewood$686,128

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Melrose Rental Market Trends

Average Rent: $2,854 (April 30, 2026)

National Average Rent: $1,930 (April 30, 2026)

Month-Over-Month Change: 1.9% (April 30, 2026)

Year-Over-Year Change: 2.1% (April 30, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.