Melrose, MA housing market
The typical Melrose home is worth about $915,000, up 4.1% in a year, 38% above the Massachusetts typical home. Homes typically sell in 11 days, a little above asking.
Home values, sales, trends and how Melrose compares with the towns next door — updated as new data is published.
Melrose at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Melrose | Massachusetts |
|---|---|---|
| 2017 | $543,000 | $382,000 |
| 2018 | $597,000 | $407,000 |
| 2019 | $637,000 | $426,000 |
| 2020 | $642,000 | $438,000 |
| 2021 | $706,000 | $485,000 |
| 2022 | $755,000 | $536,000 |
| 2023 | $777,000 | $572,000 |
| 2024 | $847,000 | $616,000 |
| 2025 | $884,000 | $648,000 |
| 2026 | $905,000 | $658,000 |
| August 2026 | $915,000 | $662,000 |
Melrose and its neighbors
6.8 years of income
The typical Melrose home costs about 6.8 years of the town's median household income, more than across Massachusetts (6.4 years).
How Melrose ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.