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Our Melrose, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Melrose as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Melrose, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Melrose MA Community Profile & History
Melrose, Massachusetts is a predominantly residential suburb of Boston with exquisite Victorian homes dating from the late 1800s. The city has a long-standing tradition of self-sufficiency, with strong civic support of residents' housing, education, employment, health, shopping, entertainment, recreation and leisure needs.
First settled in 1629, the city was originally known as "Ponde Fielde" for its abundance of ponds and streams. The community became part of Charlestown, then an independent city in 1633. The neighborhood of Malden, which included most of the present-day city, was incorporated in 1649, and the northern section of the town was finally incorporated as Melrose in 1845. The arrival of the Boston and Maine Railroad brought an influx of new residents seeking work in the local factories. Although the city's population declined when many of the factories closed in the middle of the 20th century, it has since become a prosperous bedroom community as a variety of high-tech industries have migrated to the region.
The city is proud of its excellent schools and its cultural facilities, including the 83-year old Melrose Symphony Orchestra, the very active local cable channel, and the Victorian downtown area which dates back to 1900.
Another vital component of the city's unparalleled quality of life is its varied open space and recreation facilities. Ell Pond is a large natural feature at the center of town; trees line the streets and parks and open spaces are dispersed through and around the city.
The city is ringed by a "green belt" of parks which includes the Middlesex Fells Reservation, a 2,575-acre state park that offers opportunities for mountain biking, horseback riding, rock climbing, hiking, sailing and skiing; Pine Banks, which features rocky cliffs, wetlands, recreational fields and a playground; and the 18-hole Mount Hood Golf Club, which offers views of Boston, Revere Beach and the surrounding wilderness and doubles as a popular sledding hill in the winter.
Melrose Massachusetts Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Melrose, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Melrose Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 108 227 $436457 $240000 $420000 $815000 |
2007 91 209 $423822 $225000 $405000 $885000 |
2008 88 168 $409417 $115000 $400250 $840000 |
2009 72 158 $398729 $215000 $386875 $1200000 |
2010 74 198 $417199 $140000 $406650 $1134750 |
Average Selling Price of Single Family Homes in Melrose
| 2006 |  $436457 | |
| 2007 | $423822 | |
| 2008 | $409417 | |
| 2009 | $398729 | |
| 2010 | $417199 |
Melrose Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 85 74 $275538 $125000 $283950 $419900 |
2007 114 66 $273555 $89500 $274950 $445000 |
2008 138 50 $240703 $1200 $251000 $485000 |
2009 113 68 $239926 $89900 $240000 $375000 |
2010 154 52 $235240 $60000 $234750 $376000 |
Average Selling Price of Condominiums in Melrose
| 2006 | $275538 | |
| 2007 | $273555 | |
| 2008 | $240703 | |
| 2009 | $239926 | |
| 2010 | $235240 |