Melrose, MA Housing Market 2026: What Homes Actually Sell For
What homes actually sell for in Melrose: a median closing price of $941,000 across 160 closings Resideline tracked over the last six months, plus the full price spread.
If you invest in or around Melrose, the number that matters is what homes actually close for, not what sellers are asking. Here is what Melrose sale prices look like right now, built from the closings Resideline tracked over the last six months, as of September 2026.
The snapshot
- •Closings tracked, last 6 months: 160
- •Median sold price, last 6 months: $941,000
- •Median sold $/sqft, last 6 months: $481
- •Middle half of sales closed between: $730,000 and $1,125,000
What the numbers say
Resideline tracked 160 closed sales in Melrose over the last six months, with a median closing price of $941,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $730,000 and $1,125,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 158 closings with usable living area, the middle half sold between $437 and $563 per square foot.
Figures last updated September 6, 2026 from closings Resideline tracked.
Median home price in Melrose, MA (September 2026)
The median home price in Melrose is $941,000, measured across the 160 closed sales Resideline tracked over the last six months. The middle half of those sales closed between $730,000 and $1,125,000.
Where Melrose sale prices land
Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in Melrose over the last six months that carry a usable sale date, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $730,000 and $1,125,000. Among the 40 Massachusetts markets with a published band, Melrose's middle-half spread ($730,000 to $1,125,000) ranks 10th from the narrowest. Where your target property sits inside that spread matters more than the citywide median.
How long a sale takes here
- •Listed to under contract: a median of 15 days, across 75 Melrose closings Resideline tracked in the last six months
- •Contract to closing: a median of 28 days, across 62 Melrose closings Resideline tracked in the last six months
The Melrose angle
Melrose closed 160 tracked sales over the last six months at a median closed sale price of $941,000, with the middle half of closings landing between $730,000 and $1,125,000. For a citywide statistic, that makes the Melrose median unusually useful: a typical sale genuinely happens near it, in both directions. The discipline the market still requires is deciding what counts as typical, because in a clustered market an unusual property separates from the middle fast, and only closed sales that share its differences can say by how much.
From market read to offer price
A market read is the backdrop. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.
And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.
Run any Melrose address through Resideline and you will see the local market and the property's value together, in one report.
Cite this
Using these numbers? Please cite the source and the sample size:
Source: Resideline Market Watch
Market: Melrose, MA
Geography: incorporated municipality, Census place 2540115
Data updated: September 2026
Analysis period: last six months
Tracked closings: 160
Median sold price: $941,000
Median sold $/sqft: $481 (158 qualifying)
https://resideline.com/blog/melrose-ma-housing-market
Writing about this market? Paste this into your post:
<a href="https://resideline.com/blog/melrose-ma-housing-market">
<img src="https://resideline.com/images/embed/melrose-ma.png" alt="Melrose, MA home sale price distribution, last six months" width="1000" style="max-width:100%;height:auto">
</a>
<p>Source: <a href="https://resideline.com/blog/melrose-ma-housing-market">Resideline Market Watch</a></p>
The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.
Every local market figure on this page is computed from closed sales Resideline tracked in Melrose over the last six months, and is refreshed when the data is.
Frequently Asked Questions
What is the median home price in Melrose?
The median sold price in Melrose over the last 6 months is $941,000, measured across 160 closings Resideline tracked.
How many homes sold in Melrose last month?
Resideline tracked 22 closed sales in Melrose in August 2026, out of 160 closings tracked over the last six months. These are tracked samples of market activity, not official county totals.
What is the typical sale price range in Melrose?
The middle half of Melrose sales over the last six months closed between $730,000 and $1,125,000, with a median of $941,000.
What is the typical price per square foot in Melrose?
Among qualifying Melrose closings Resideline tracked over the last six months, the median sold price per square foot was $481, measured across 158 sales with usable living area. Median is used rather than average because outliers distort the mean.
Does Melrose's tight price band mean comps barely matter?
No, it changes what comps are for. Tracked Melrose closings cluster tighter than most markets we track, so the median is a strong starting point for a typical sale, and comp work becomes the test of whether your subject is typical. When it is not, closely matched closed sales are still the only defensible way to measure the difference.