Melrose, MA Condo Market Report (In last 12 months)
Avg. List Price
$549,733
($509/Sqft.)
Year-Over-Year List Price
9.52%
Total Listings
82
Avg. Days on Market
56
Avg. Sale Price
$580,888
($499/Sqft.)
Year-Over-Year Sale Price
0.11%
Total Sold
75
Avg. HOA Fees/Sqft.
($5/monthly)
Avg. List Price
$549,733
($509/Sqft.)
Year-Over-Year List Price
9.52%
Melrose, MA Condo Market Report
Avg. List Price
$549,733
($509/Sqft.)
Year-Over-Year List Price
9.52%
Total Listings
82
Avg. Days on Market
56
Avg. Sale Price
$580,888
($499/Sqft.)
Year-Over-Year Sale Price
0.11%
Total Sold
75
Avg. HOA Fees/Sqft.
($5/monthly)
Melrose, MA Condo Market Overview
Nestled in the heart of Massachusetts, Melrose enchants with a perfect blend of suburban charm and urban convenience. This dynamic city features a vibrant condo market that caters to a diverse array of lifestyles, from sophisticated professionals to growing families. Residents can choose from luxurious high-rises offering modern amenities—think rooftop terraces and performance lounges—while more traditional garden-style units provide a cozy and inviting atmosphere. The lively downtown area boasts an array of eclectic shops, eateries, and artisanal markets, complemented by picturesque parks and meticulously maintained historic homes. Melrose is known for its friendly community spirit and excellent schools, making it an attractive option for families. Enjoy easy access to Boston via the commuter rail, all while reaping the benefits of a welcoming small-town feel. Discover the unique allure of Melrose, where every corner invites you to experience rich history and contemporary living.
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Popular Condos Neighborhoods in Melrose, MA
Explore Melrose, MA Neighborhoods
Melrose is a charming suburban enclave that boasts a strong sense of community and an array of local amenities. With picturesque parks, historic architecture, and a vibrant downtown filled with shops and eateries, this welcoming city combines a small-town feel with convenient access to Boston’s urban attractions. Its diverse residents enjoy a rich tapestry of cultural events and recreational opportunities, making it a delightful place to call home.
Frequently Asked Questions About Melrose, MA
What is it like to live in Melrose?
Living in Melrose offers a suburban atmosphere with a mix of single-family homes and multi-family residences, appealing to families and commuters alike. The city features a well-connected public transportation system, primarily through the MBTA, facilitating easy access to Boston. Melrose is known for its strong community vibe, good schools, and numerous parks, enhancing the quality of life.
Is Melrose expensive?
Melrose has a cost of living that is slightly above the national average, with median home prices around $600,000 as of 2025. The real estate market includes a mix of single-family homes and multi-family residences, attracting families due to its good school system and suburban feel.
How much is a condo in Melrose?
The average cost of a condo in Melrose is approximately $350,000 to $600,000, depending on the location, size, and amenities. The city's proximity to Boston and excellent public transportation options contribute to its popularity and pricing dynamics.
What are the safest neighborhoods in Melrose?
Melrose is known for its overall low crime rates, with neighborhoods such as Melrose Highlands and the area around the Melrose Common being particularly safe. The city features a tight-knit community atmosphere and good public services, contributing to a sense of security for residents.
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