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.
Home Trends in Downtown Melrose, MA
On average, homes in Downtown Melrose, Melrose sell after 26 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Melrose, Melrose over the last 12 months is $635,000, up 6% from the median home sale price over the previous 12 months.
Median Sale Price
$635,000
Median Single Family Sale Price
$825,450
Median 2 Bedroom Sale Price
$589,000
Median 1 Bedroom Sale Price
$377,000
Average Price Per Sq Ft
$527
Number of Homes for Sale
3
Last 12 months Home Sales
27
Median List Price
$640,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
6%