Why Live in Melrose
The Melrose neighborhood in Albany is a predominantly residential area situated between Washington and Western Avenues, offering a small community feel with convenient access to the University at Albany and downtown Albany. The neighborhood features mid-20th-century homes, including ranches, colonials, Dutch colonials, and occasional Tudors, with vibrant exteriors and some Spanish-style homes. Melrose is known for its owner-occupied homes, many of which have been updated. Rosemont Park, the only green space within Melrose, provides a playground, tennis court, and basketball court, while nearby Frank Waterson Park offers additional recreational facilities, including baseball diamonds and a dog park. Residents often visit Washington Park for its festivals, events, and recreational amenities, such as the Tulip Festival and Park Playhouse shows. Dining options in the area include Junior’s Bar and Grill, Café Madison, and local favorites like Caffe Italia and Gateway Diner. The neighborhood is safer than the national average, making it appealing for families and those who enjoy bike riding and trick-or-treating. Melrose is well-connected by Route 20 and New York State Route 85, with bus services along Western and Washington Avenues, providing easy access to various parts of Albany.
Home Trends in Melrose, NY
On average, homes in Melrose, Albany sell after 16 days on the market compared to the national average of 51 days. The median sale price for homes in Melrose, Albany over the last 12 months is $280,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$280,000
Median Single Family Sale Price
$280,000
Average Price Per Sq Ft
$188
Number of Homes for Sale
1
Last 12 months Home Sales
22
Median List Price
$275,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-14%