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Downtown Melrose Homes for Sale

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  • /42

    $1,079,000

    • 5 Beds
    • 3 Baths
    • 2,977 Sq Ft

    16-18 Beacon Place, Melrose, MA 02176

    Don’t miss this rare opportunity to own a side-by-side 2-family home in the heart of Melrose Center! This versatile property offers the perfect blend of comfort, convenience and investment potential. Unit 16 offers 1 bedroom,1 bathroom, loft and in-unit laundry. Recent upgrades include refinished hardwood floors, fresh paint, updated kitchen countertops and cabinetry. Unit 18 features 4 bedrooms

    Patricia Candela Centre Realty Group

    16-18 Beacon Place, Melrose, MA 02176
  • /22

    $829,900

    • 2 Beds
    • 2.5 Baths
    • 930 Sq Ft

    8 Crystal St Unit 3, Melrose, MA 02176

    Be one of the first to own at Ell Pond Condominiums! Don’t miss your chance to own one of just two townhouse-style condominiums in this beautifully renovated complex—completely gutted and rebuilt from the inside out! This thoughtfully designed unit offers a bright and open floor plan that seamlessly blends the living room, dining area, and state-of-the-art kitchen. The kitchen features quartz

    John Bulman Brad Hutchinson Real Estate

    8 Crystal St Unit 3, Melrose, MA 02176
  • /16

    $759,900

    • 2 Beds
    • 2.5 Baths
    • 955 Sq Ft

    8 Crystal St Unit 2, Melrose, MA 02176

    Be one of the first to own at Ell Pond Condominiums! Don’t miss your chance this one level 2 bed, 2.5 bath condominium in this beautifully renovated complex—completely gutted and rebuilt from the inside out! This thoughtfully designed unit offers a bright and open floor plan that seamlessly blends the living room, dining area, and state-of-the-art kitchen. The kitchen features quartz

    John Bulman Brad Hutchinson Real Estate

    8 Crystal St Unit 2, Melrose, MA 02176

Why Live in Downtown Melrose

Downtown Melrose features a mix of mid-20th century apartments, condos, and older homes converted into multi-unit properties. On the outskirts, single-family homes, including Cape Cod and New Englander styles from the late 1800s and early 1900s, are prevalent. The neighborhood offers a variety of things to do, such as visiting Ell Pond to watch seasonal swans or heading to The Knoll for its skatepark, public pool, sports fields, dog park, and veterans memorial. The Middlesex Fells Reservation, less than a mile away, provides over 2,200 acres of trails, picnic areas, and waterfront access. Stone Zoo hosts events like Zoo Lights in winter and adults-only nights. Dining options include Turner’s Seafood, known for its fresh fish and daily specials, and Giacomo's for Italian cuisine. Hannah's Brewing Co., the first brewery in Melrose, opened in 2024. Grocery shopping is convenient with Shaw's, Whole Foods, and the Melrose Farmers’ Market. Annual events like Home for the Holidays and the Victorian Fair bring the community together. Transportation is facilitated by Interstate 93, located 4 miles west, and two commuter rail stations, Melrose/Cedar Park and Wyoming Hill, making the 10-mile commute to Boston manageable. MelroseWakefield Hospital is less than a mile away, and Boston Logan International Airport is 11 miles away. Schools in the area are highly rated, with Lincoln Elementary School, Melrose Middle School, and Melrose High School all receiving high marks and offering strong extracurricular programs. The neighborhood's crime rate is lower than the national average, contributing to its appeal for families and individuals alike.

Frequently Asked Questions

Is Downtown Melrose a good place to live?
Downtown Melrose is a good place to live. Downtown Melrose is considered very walkable and bikeable with some transit options. It has a median age of 43. The average household income is $126,967 which is above the national average. College graduates make up 62.7% of residents. A majority of residents in Downtown Melrose are renters, with 54% of residents renting and 46% of residents owning their home. A local real estate agent serving Downtown Melrose can help you decide if this neighborhood is the right one for you. Learn more on our Downtown Melrose neighborhood guide.
How much do you need to make to afford a house in Downtown Melrose?
The median home price in Downtown Melrose is $378,000. If you put a 20% down payment of $75,600 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,960 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $84K a year to afford the median home price in Downtown Melrose. The average household income in Downtown Melrose is $127K.
What are the best public schools in Downtown Melrose?
The best public schools that serve Downtown Melrose are:
What are the best private schools in Downtown Melrose?
The best private schools that serve Downtown Melrose are:
What are the most popular zip codes in Downtown Melrose, Melrose, MA?
The most popular zip codes in Downtown Melrose, Melrose, MA include 02176, 02180, 02148, 01880 and 01906.
What are the most popular neighborhoods near Downtown Melrose, Melrose, MA?
The most popular neighborhoods near Downtown Melrose, Melrose, MA are Melrose East Side, Wyoming, Oak Grove-Pine Banks, Melrose Highlands and Horace Mann.
Are home prices dropping in Downtown Melrose?
Yes, home prices in Downtown Melrose are down 62% in the last 12 months.

Home Trends in Downtown Melrose, MA

Housing Trends

Median Sale Price
$241,900
Median Single Family Sale Price
$375,000
Average Price Per Sq Ft
$212
Number of Homes for Sale
2
Last 12 months Home Sales
10
Months of Supply
2.40
Median List Price
$378,000
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-56%
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