Why Live in Melrose
Melrose, situated in the South Bronx, is a densely populated urban neighborhood with a rich history of community activism centered around sustainable housing and social justice. Grassroots organizations such as We Stay / Nos Quedamos have partnered with civic and private programs to drive significant urban renewal efforts. These initiatives have led to Melrose having more LEED-certified buildings than any other area in the borough. The neighborhood features a number of new, amenity-rich, affordable rental buildings, including the 496-unit La Central, which highlights the area's commitment to sustainable living and modern conveniences.
Real estate agent Deborah Miller, who has over a decade of experience in the Bronx, notes that Melrose offers an enviable commute and convenient access to key locations such as Laguardia Airport, Yankee Stadium, Lincoln Medical Center, and Hunts Point Produce Market. This makes it an attractive option for those seeking a practical and well-connected living environment. Additionally, Melrose provides buyers with the opportunity to gain a foothold in the New York City market, often referred to as the "build-equity borough" due to its potential for value appreciation and equity-building opportunities.
The neighborhood's focus on sustainable development and community-driven initiatives has created a unique urban environment that balances modern living with social responsibility. Melrose's features include a variety of LEED-certified buildings and affordable housing options, making it an appealing choice for environmentally conscious residents and those looking to invest in a growing community.
Home Trends in Melrose, NY
On average, homes in Melrose, Bronx sell after 12 days on the market compared to the national average of 51 days. The median sale price for homes in Melrose, Bronx over the last 12 months is $398,500, up 14% from the median home sale price over the previous 12 months.
Median Sale Price
$398,500
Median Single Family Sale Price
$90,000
Median 2 Bedroom Sale Price
$398,500
Median 1 Bedroom Sale Price
$220,000
Average Price Per Sq Ft
$381
Number of Homes for Sale
4
Last 12 months Home Sales
2
Median List Price
$342,500
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
14%