Foreclosure Homes in Melrose, MA 02176

Current Market Conditions in Melrose, MA

The real estate market in Melrose has seen steady growth over the past year, with an increased demand for single-family homes. This can be attributed to its proximity to Boston and the community's reputation for excellent schools and vibrant local culture.

As of late 2023, homes in Melrose are selling relatively quickly, often above the asking price due to the competitive nature of the market. Buyers can expect to see a mix of historic homes and newer constructions, catering to a variety of tastes and budgets.

Rent Prices In Melrose, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melrose, MA, is on a rollercoaster ride. The average rent price in Melrose, MA, is $2,691.00. Indeed, when looking to rent in Melrose, MA, you can expect to pay as little as $1,160.00 or as much as $4,180.00, with the average rent median estimated to be $2,760.00. The good news is that finding an affordable and desirable property to rent in Melrose, MA -- 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.