Is Melrose, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Melrose has remained a Buyer's Market.
Housing Prices in Melrose, FL
How much do homes in Melrose, FL cost?
Median Sold Price
$270,000
$186/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Melrose was $270,000 in April 2024, the same as last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $152.5K | $235K | +54.1% |
2 Bedrooms | $223.9K | $237.5K | +6.0% |
3 Bedrooms | $305K | $305.9K | 0.3% |
4 Bedrooms | $528.5K | $390K | -26.2% |
5+ Bedrooms | $800K | $880K | +10.0% |
Summary: Melrose housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
Melrose | $270K | $270K | 0.0% |
Keystone Heights | $283K | $269.9K | -4.6% |
Interlachen-Florahome | $252.5K | $225K | -10.9% |
Housing Supply in Melrose, FL
How many homes are available in Melrose, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 59 | +11.3% |
Summary: The Melrose real estate market had 59 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Melrose housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Melrose in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 113 Days | +77.1% |
Summary: Homes in Melrose had an average of 113 days on market in Apr 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Melrose; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.