$3,147 Closing Credit*
$265,000
1,248 SqFt
4 Beds
•2 Full Baths
Calee Hinson, 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 October 2023
Since last year, Melrose has remained a Neutral Market.
Key Takeaway
Melrose is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Melrose, FL
How much do homes in Melrose, FL cost?
Median Sold Price
$309,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 14.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $257K | +125.4% |
| 2 Bedrooms | $217.7K | $247.5K | +13.6% |
| 3 Bedrooms | $304.9K | $320K | +4.9% |
| 4 Bedrooms | $468.5K | $355K | -24.2% |
| 5+ Bedrooms | $880K | $350K | -60.2% |
Summary: Melrose housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 125.4%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes decreased by 60.2%.
Median Sold Price Compared To Nearby Cities
| Melrose | $270K | $309K | +14.4% |
| Keystone Heights | $275K | $278K | +1.1% |
| Interlachen-Florahome | $235.3K | $235K | -0.1% |
Housing Supply in Melrose, FL
How many homes are available in Melrose, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Melrose real estate market had 48 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Melrose housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Melrose, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Melrose in October 2024, up by 300.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 104 Days | 34 Days | -66.9% |
Summary: Homes in Melrose had an average of 34 days on market in Oct 2024, down by 66.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Melrose are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Melrose; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.