Melrose · Market report · July 2026
The Melrose housing market, read monthly.
The Melrose housing market as of July 2026: the median residential assessment stands at $799K across 8,778 parcels, and roughly 400 homes change hands in a typical year — about 4.5% of the town's housing stock. Below: the numbers, the neighbor comparison, and my working read.
July 2026 snapshot
Melrose in four numbers.
- Median assessed value
- $799,200
- Average assessed value
- $846,927
- The median-average gap reflects the higher-value tail of the housing stock.
- Est. sales per year
- 395
- Owners 15+ years
- 33%
The data, spelled out
Melrose's mid-2026 municipal assessment roll puts the median residential value at $799K and the average at $847K. An estimated 395 residential sales close in Melrose per year, based on public transaction records — a turnover rate of about 4.5% across 8,778 residential parcels. 33% of owners have held 15+ years and 7% of parcels are absentee-owned as of mid-2026. Assessed values are set for tax purposes and lag open-market pricing; they anchor comparisons across towns, not what a specific home sells for.
Next door
How does Melrose compare to its neighbors?
| Town | Median assessed | Average assessed | Est. sales / yr |
|---|---|---|---|
| Melrose | $799K | $847K | 395 |
| Wakefield | $696K | $728K | 402 |
| Woburn | $673K | $747K | 558 |
Assessed values from municipal records, mid-2026; sales estimates from public transaction records. Cross-town comparisons describe housing stock and pricing only.
Stay current
Get the Melrose report monthly.
One email a month: the numbers above refreshed, plus my working read. Unsubscribe anytime. Want a number for your own home instead? Ask for a valuation in the message.
Prefer to talk? (774) 341-4540
Kealan's read · July 2026