Is Melrose, NY 12121 a buyer’s or seller’s market?
Melrose is a seller’s market. With about 2.4 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Melrose housing market right now
In the three months ending August 31, 2026, 50% of homes in Melrose, NY 12121 sold above their list price, the typical home went under contract in 45 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (9 days then) and the median sale price fell 9% to $300,870. Overall, Melrose is more competitive than a year ago, so tougher for buyers.
Within Rensselaer County, homes here sell more slowly than in 96% of the county’s ZIP codes, and sell less often over asking than in 65%.
Nearby, buyers who want less competition could look at Stephentown 12169 (0% sold over asking) or East Schodack 12063 (0% sold over asking), while Sand Lake 12153 (100% sold over asking) and Valley Falls 12185 (100% sold over asking) are even more competitive.
Run the numbers for 12121
Nearby markets
Averill Park 12018Seller’s market $235 /sq ftBerlin 12022Seller’s market $221 /sq ftCastleton On Hudson 12033Seller’s market $213 /sq ftCropseyville 12052Seller’s market $233 /sq ft Browse all markets →Towns like Melrose nearby
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Questions about Melrose real estate
Is Melrose a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Melrose, NY 12121 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Melrose?
The typical home went under contract in 45 days in the latest three months.
Do homes in Melrose sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Melrose?
About 2.05% of a home’s value a year in Rensselaer County, or roughly $8,200 on a $400,000 home.
What is the median home price in Melrose?
The median sale price was $300,870 in the three months ending August 31, 2026, about $232 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology