Melrose MA Real Estate

Neighborhood highlights: Real Estate, history, restaurants and more

The town of Melrose was originally known as Ponde Field for the great number of ponds and streams found within its boundaries. It was incorporated as a town in 1845. With just 4.8 square miles of land, the town houses a population of over 27,000 in little more than 11,000 households.

Melrose has a mix of urban and suburban feel with five public elementary schools, one public middle school and one high school servicing the needs of the community. Vibrant Melrose center services the needs of hungry restaurant goers and eager shoppers.

Recently, Melrose has made a Hollywood splash appearing as backdrop in films such as Gone Baby Gone and Knight and Day.

Just seven miles from Boston, Melrose offers Orange Line access at 3 T stations; Wyoming Hill, Melrose/Cedar Park and Melrose Highlands. Easy highway access to Route 1, Route 93, and Route 128 certainly help the commute as well.

REAL ESTATE SNAPSHOT

January 1, 2011 - July 1, 2011	July 1, 2011 - December 31, 2011

Single Family Homes Sold: 97	Single Family Homes Sold: 116
Average List Price: 422,618	Average List Price: 421,878
Average Sale Price: 412,055	Average Sale Price: 411,291
Average Days on Market: 91.87	Average Days on Market: 94.07

Multi famliy Homes Sold: 5	Multi Family Homes Sold: 15
Average List Price: 317,680	Average List Price: 405,420
Average Sale Price: 294,000	Average Sale Price: 386,853
Average Days on Market: 128.60	Average Days on Market: 85.33

Condominiums Sold: 32	Condominiums Sold: 21
Average List Price: 235,094	Average List Price: 271,319
Average Sale Price; 225,983	Average Sale Price: 261,733
Average Days on Market: 98.84	Average Days on Market: 121.43