Is Melrose, FL 32666 a buyer’s or seller’s market?

The Melrose housing market right now

In the three months ending August 31, 2026, 7% of homes in Melrose, FL 32666 sold above their list price, the typical home went under contract in 55 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (90 days then) and the median sale price fell 5% to $369,840. Overall, Melrose is more competitive than a year ago, so tougher for buyers.

Within Putnam County, homes here sell faster than in 82% of the county’s ZIP codes, and sell more often over asking than in 55%. On our competition score, Melrose ranks #637 of 796 FL ZIP codes with enough sales (score 10 out of 100).

Nearby, buyers who want less competition could look at Welaka 32193 (0% sold over asking) or Satsuma 32189 (0% sold over asking), while Interlachen 32148 (21% sold over asking) and Pomona Park 32181 (20% sold over asking) are even more competitive.