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Foreclosure Homes in Melrose, MN

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Melrose, MN Foreclosures

How much do homes sell for in Melrose, MN?
The average home price is currently $400,134.
In Melrose, MN, how many homes are available?
There are currently 6 active home listings available in Melrose.
What’s the average rental cost in Melrose, MN?
The average rental price in Melrose is $1,526.
What is the most expensive home in Melrose?
The most expensive home sold in Melrose had a price of $2,445,666.
What is currently the cheapest priced home in Melrose, MN?
The cheapest home for sale in Melrose is priced at $17,055.

Living in Melrose, MN

Melrose, MN is a quaint community that offers a welcoming atmosphere, excellent schools, and abundant recreational opportunities. Situated in central Minnesota, it provides a comfortable lifestyle with easy access to larger metropolitan areas. Experience the charm of small-town living with modern conveniences.

Current Market Conditions in Melrose, MN

The current real estate market in Melrose, MN shows a healthy demand for homes, with inventory levels remaining manageable. Prices have seen a gradual increase as more buyers are drawn to the area for its affordability compared to larger cities, combined with its appealing lifestyle.

Melrose has seen a significant interest from families and retirees alike, leading to a steady appreciation in home values. Agents are noticing a trend towards buying single-family homes with larger yards, indicating a shift in buyer preferences towards more space.

Home Value Estimator For Melrose, MN

There are currently 1,959 real estate properties in Melrose, MN, with a median automated valuation model (AVM) price of $294,070.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melrose, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melrose, MN, is $400,134.00, with the most expensive house in Melrose, MN, topping out at $2,445,666.00 and the cheapest home in Melrose, MN, clocking in at $17,055.00. In other words, there’s something for every potential homebuyer or savvy investor in Melrose, MN!

Rent Prices In Melrose, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melrose, MN, is on a rollercoaster ride. The average rent price in Melrose, MN, is $1,526.00. Indeed, when looking to rent in Melrose, MN, you can expect to pay as little as $630.00 or as much as $3,230.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Melrose, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Melrose, MN Foreclosures

Market Trend for Melrose, MN

Total Listings Available: 6

Market Values:

Home Prices from $17,055 to $2,445,666

Average Sales Price: $400,134

Rental Values:

Rental from $630 to $3,230

Average Rent Value: $1,526 / month

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