Market Report Melrose, Massachusetts
Single Family Homes Y e a r E n d 2 0 15
Melrose Statistics Single Family Homes Average Sale Price - Number of Bedrooms - 2015 Number of Range Listing Sold 2 Bed $204,900 - $489,900 20 3 Bed $280,000 - $850,000 125 4 Bed $331,000 - $883,500 70 5 Bed $397,000 - $1,250,000 15 6-7 Bed $531,993 - $1,450,000 8
Days on the Market 31 35 43 47 156
Average Sale Price $358,099 $ 490,324 $585,003 $ 678,260 $ 775,449
Historical Average Sale Price - Past 10 Years Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
% Change -2.895% -3.399% -2.611% 4.632% -1.236% -0.529% 6.996% 13.155% 6.502%
Number of Listing Sold 227 209 168 158 198 212 213 250 232 238
Days on the Market 108 91 88 72 74 93 69 42 42 42
Average Sale Price $ 436,457 $ 423,822 $ 409,417 $ 398,729 $ 417,199 $ 412,044 $409,863 $ 438,535 $ 496,224 $ 528,488
$496,224
$436,457$423,822 $409,417
2006
2007
2008
$398,729
2009
$528,488
$417,199 $412,044 $409,863 $438,535
2010
2011
2012
2013
2014
2015
Source: MLSPIN, as of 01/22/2016
Cover Image: Phelan, John . (April 7, 2010). Melrose Public Library, Melrose Massachusetts [photo]. Retrieved from https://goo.gl/k3XMnq.
Market statistics
Total Sold - Melrose, MA Single Family Homes, 1/1/2015 - 12/31/2015
$200,000 - $249,999 $250,000 - $299,999 $300,000 - $349,999 $350,000 - $399,999 $400,000 - $449,999 $450,000 - $499,999 $500,000 - $599,999 $600,000 - $699,999 $700,000 - $799,999 $800,000 - $899,999 $900,000 - $999,999 $1,000,000 - $1,499,999
Total Properties
# of Listings
Avg. Days on Market
Average Sale Price
Average List Price
SP:LP Ratio
Average Orig Price
SP:OP Ratio
2 6 9 22 37 34 63 39 17 6 1 2
13 61 46 54 40 36 37 38 27 38 61 382
$222,450 $287,092 $329,722 $375,291 $426,926 $472,357 $539,226 $646,023 $739,871 $852,250 $975,000 $1,350,000
$214,950 $294,950 $333,744 $373,600 $424,381 $456,747 $524,081 $635,354 $707,553 $819,767 $975,000 $1,497,000
103 97 100 101 101 104 103 102 105 104 100 91
$214,950 $302,950 $336,967 $378,668 $430,619 $459,379 $529,260 $642,477 $717,841 $835,617 $975,000 $1,597,000
103 95 99 100 100 103 103 101 104 103 100 86
238
42
$528,488
$518,344
102
$524,995
101
Source: MLSPIN, as of 01/22/2016
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