Is Melrose, IA 52569 a buyer’s or seller’s market?
Melrose is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Melrose housing market right now
In the three months ending August 31, 2026, 50% of homes in Melrose, IA 52569 sold above their list price, the typical home went under contract in 389 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (28 days then) and the median sale price fell 27% to $156,432. Overall, Melrose is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Albia 52531 (0% sold over asking).
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Where Melrose is
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Questions about Melrose real estate
Is Melrose a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Melrose, IA 52569 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 389 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 100.6% of the list price.
What are property taxes in Melrose?
About 1.37% of a home’s value a year in Monroe County, or roughly $5,480 on a $400,000 home.
What is the median home price in Melrose?
The median sale price was $156,432 in the three months ending August 31, 2026, about $112 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