$6,531 Closing Credit*
$550,000
4,674 SqFt
3 Beds
•3 Full Baths
NELDA HOFFMEYER, Listing Office: CB ISAAC REALTY
Is Melrose, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Melrose has remained a Buyer's Market.
Key Takeaway
Melrose is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Melrose, FL
How much do homes in Melrose, FL cost?
Median Sold Price
$309,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,000(+14.4%)
Key Takeaway
Homes in Melrose have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Melrose was $309,000 in November 2024, up 14.4% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $257K | +125.4% |
| 2 Bedrooms | $218.8K | $242.5K | +10.8% |
| 3 Bedrooms | $304.9K | $312K | +2.3% |
| 4 Bedrooms | $454K | $392.5K | -13.5% |
| 5+ Bedrooms | $880K | $350K | -60.2% |
Summary: Melrose housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.4%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 60.2%.
Median Sold Price Compared To Nearby Cities
| Melrose | $270K | $309K | +14.4% |
| Keystone Heights | $271.6K | $287K | +5.7% |
| Interlachen-Florahome | $230K | $240K | +4.3% |
Housing Supply in Melrose, FL
How many homes are available in Melrose, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Summary: The Melrose real estate market had 51 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 32 | 34 | +6.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Melrose housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Melrose, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Melrose in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Melrose, FL
How long does it take to sell a home in Melrose, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +12.7% |
Summary: Homes in Melrose had an average of 37 days on market in Nov 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Melrose are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Melrose; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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