Is Melrose, MA 02176 a buyer’s or seller’s market?

The Melrose housing market right now

In the three months ending August 31, 2026, 66% of homes in Melrose, MA 02176 sold above their list price, the typical home went under contract in 17 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 99 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 71%, homes sold more slowly (15 days then) and the median sale price held steady to $959,585. Overall, Melrose is less competitive than a year ago, which gives buyers more room.

Within Middlesex County, homes here sell faster than in 95% of the county’s ZIP codes, and sell more often over asking than in 96%. On our competition score, Melrose ranks #2 of 362 MA ZIP codes with enough sales (score 96 out of 100).

Nearby, buyers who want less competition could look at Newton Lower Falls 02462 (0% sold over asking) or Cambridge 02142 (0% sold over asking), while Acton 01718 (100% sold over asking) and Dunstable 01827 (78% sold over asking) are even more competitive.