Why Live in Melrose
Melrose, located less than 10 miles north of Boston, is a small city with a suburban feel, known for its historic homes, bustling Main Street, and highly rated schools. The neighborhood features Victorian and colonial-inspired architecture, with many homes built before the 1940s, offering a classic charm. Melrose is a very walkable community with ample open space and quick access to Boston by car or train. The Melrose School District is highly rated, with Melrose Public Schools, Hoover Elementary, Melrose Veterans’ Memorial Middle School, and Melrose High School all receiving high marks. Main Street is home to locally owned businesses, including Turner's Fish Market and Buckalew's General Store, and hosts several community events such as the Summer Stroll, Victorian Fair, and Home for the Holidays. The Beebe Estate, a historical gem, serves as an arts and events center. Melrose also boasts a greenbelt of golf courses, parks, trails, and ponds, including Middlesex Fells Reservation and Pine Banks Park. The area is safer than the national average, though it can experience flooding and wind damage due to its natural surroundings. Commuters can reach downtown Boston in about 20 minutes via the T Orange Line, Interstate 93, or Route 1, with public transit options provided by the Massachusetts Bay Transportation Authority.
Home Trends in Melrose, MA
On average, homes in Melrose, MA sell after 15 days on the market compared to the national average of 50 days. The median sale price for homes in Melrose, MA over the last 12 months is $811,555, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$811,555
Median Single Family Sale Price
$900,000
Median Townhouse Sale Price
$1,014,500
Median 2 Bedroom Sale Price
$569,500
Median 1 Bedroom Sale Price
$350,000
Average Price Per Sq Ft
$491
Number of Homes for Sale
27
Last 12 months Home Sales
250
Median List Price
$799,000
Median Change From 1st List Price
-4%
Median Home Sale Price YoY Change
0%