The Melrose, Massachusetts, housing market moved in two directions in December and in 2025, according to data compiled by the Massachusetts Association of Realtors (MAR).
In December 2025, single-family prices were essentially flat year over year, while condominium prices rose sharply. For the entire year, the opposite was true. Single-family home prices rose by double digits, and the median condo price fell by double digits.
Melrose, MA Single-family homes (December)
In December, the median sales price of a single-family home dipped $4,750, or less than 1 percent, to $859,000 from $863,750 in December 2024.
MAR notes that median sale prices do not account for any seller concessions offered to home buyers.
Closed sales declined by three to 13 from 16.
Supply expanded. The inventory of homes for sale climbed 160 percent to 13 from 5, and the months of supply rose 125 percent to about four weeks. About five months of inventory is generally considered a balanced market between home buyers and sellers.
Home buyers continued to pay, on average, over the asking price. The percentage of the original listing price received in December inched up to 103.2 percent from 103 percent in December 2024.
Home buyer activity eased slightly, with pending sales down by one to eight. New listings more than doubled to nine from four.
Melrose, MA Single-family homes (2025 vs. 2024)
For the full year, the median sales price for a single-family home increased 11 percent to $970,000 from $872,500.
Closed house sales rose 5 percent to 180 from 172 in 2024.
Sellers received 107.6 percent of the original listing price in 2025, up from 105.8 percent in 2024.
New listings last year increased 11 percent to 206 from 185 in 2024.
Melrose, MA Condominiums (December)
Condominiums posted strong price growth in December, but only eight condos sold is a small sample size, according to MAR.
The median sales price rose 27 percent to $571,250 from $450,000, while closed sales increased by one from seven in December 2024.
Inventory rose to six from five, and the months of supply remained at 0.9.
Competition for condominiums remained strong in Melrose. Sellers received 100.6 percent of the original listing price, up from 96.6 percent. Pending sales and new listings doubled to four in December, year over year.
Melrose, MA Condominiums (2025 vs. 2024)
Through December, the median condo price dropped 11 percent to $525,000 from $589,000 in 2024.
Condominium sales rose by five units, or 7 percent, to 73 from 68 in 2024. Sellers received 100.1 percent of the original listing price, down slightly from 100.6 percent.
New listings increased 4 percent to 85 from 82.
Bottom line: In Melrose, MA, 2025 ended with less than one month of single-family and condominium inventory. Sales were up slightly in both categories. Given the price reduction last year and the competition for single-family homes, the opportunity for first-time home buyers who want to enter the Melrose market may be to purchase a condominium.
