Is Melrose, WI 54642 a buyer’s or seller’s market?
Melrose is a seller’s market. With about 2.6 months of supply and 40% 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, 40% of homes in Melrose, WI 54642 sold above their list price, the typical home went under contract in 24 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 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 50%, homes sold faster (28 days then) and the median sale price rose 11% to $289,775. Overall, Melrose is less competitive than a year ago, which gives buyers more room.
Within Jackson County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Merrillan 54754 (0% sold over asking) or Taylor 54659 (0% sold over asking).
Run the numbers for 54642
Nearby markets
Alma Center 54611Buyer’s market $137 /sq ftBlack River Falls 54615Seller’s market $163 /sq ftHixton 54635Buyer’s market $110 /sq ftMerrillan 54754Buyer’s market $208 /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 2.6 months of supply in Melrose, WI 54642 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 24 days in the latest three months.
Do homes in Melrose sell over asking?
40% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What are property taxes in Melrose?
About 1.39% of a home’s value a year in Jackson County, or roughly $5,560 on a $400,000 home.
What is the median home price in Melrose?
The median sale price was $289,775 in the three months ending August 31, 2026, about $152 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