Is Melrose Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Melrose Park was a Neutral Market.
Housing Prices in Melrose Park, FL
How much do homes in Melrose Park, FL cost?
Median Sold Price
$447,450
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Melrose Park was $447,450 in April 2024, up 8.1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $282.5K | $360K | +27.4% |
3 Bedrooms | $400K | $422K | +5.5% |
4 Bedrooms | $430K | $452.5K | +5.2% |
5+ Bedrooms | $480.1K | $507.5K | +5.7% |
Summary: Melrose Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Neighborhoods
Melrose Manors | $385K | $425K | +10.4% |
Melrose Park | $414K | $447.4K | +8.1% |
Broward Estates | $372K | $380K | +2.2% |
Housing Supply in Melrose Park, FL
How many homes are available in Melrose Park, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Melrose Park real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Melrose Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Melrose Park in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Melrose Park, FL
How long does it take to sell a home in Melrose Park, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 17 Days | -9.6% |
Summary: Homes in Melrose Park had an average of 17 days on market in Apr 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Melrose Park; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.