Church of St. Boniface · Photo: Gobonobo · CC BY-SA 3.029 homes sold in Melrose in the last year, at a typical $233K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Melrose homes are listed.
Every place Melrose homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Melrose.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Melrose’s sales, at a typical $229K
29 homes sold in the year to May 2026.
typical sale · 28 sold in 12 months
- Per square foot
- $128MN $191
- Days to sell
- 27
- Sold over asking
- 25%
- Listings with a price cut
- 29%
Townhouses: 1 sold, typical $289K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
29 sales in the last year, against 48 in 2018 and a low of 30 in 2024. The typical sale went from $121K in 2016 to $233K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Melrose
Check a listing against what Melrose homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Melrose are more common than before the pandemic, but half fewer homes come up for sale
We read every month of Melrose’s home sales since 2013 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 29 sales.
If you’re buying in Melrose
- Shop in June. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- You can negotiate. 29% of listings have cut their price, against 26% before the pandemic.
- Bid near asking. Buyers paid 99.1% of the list price on average; 24% paid over.
- Move fast on good ones. 45% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 5 a month), but July is the most competitive: 35% of July sales close over asking. February has the least competition (6%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Melrose now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 24% | 17% | 49% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 34% | 65% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 29% | 26% | 23% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.1% | 97% | 99.4% | 99.2% |
| Days to sellMedian days from listing to contract | 27 | 55 | 25 | 35 |
5 homes for sale on a typical day
That’s 1.8 times the 2023 low (3), 51% fewer than in 2017–19 and well under 2013’s 27.
1 in 3 listings has cut its price
29% in the last year, against 26% in 2017–19 and 28% across Minnesota.
Source: Redfin Data Center, city market tracker, January 2013 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Melrose home costs about $1,391 a month
Price: Melrose’s typical sale, last 12 months. Property tax at Melrose’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Melrose is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $233K home, about $2,100 a year.
Taxes vs. neighborsSchools
The schools grade for Melrose, from test results, graduation and how much students grow.
Schools in MelroseCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Avon, Osakis and Richmond for far more
The busier markets within 25 miles of Melrose, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Sauk Centre | 56 | $262K | $141 | 18% | 58 |
| Paynesville | 41 | $244K | $154 | 29% | 67 |
| Osakis | 40 | $276K | $192 | 33% | 55 |
| Melrose | 29 | $233K | $128 | 24% | 27 |
| Avon | 29 | $328K | $188 | 38% | 50 |
| Richmond | 29 | $285K | $161 | 24% | 45 |
| Albany | 25 | $269K | $135 | 32% | 69 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Melrose, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Melrose. People who follow the town see it, and so do people comparing Melrose with their own town. No commission, no listing fee.
Questions about buying a home in Melrose
What do homes sell for in Melrose, MN?
29 homes sold in the year to May 2026 at a typical $233K, $128 a square foot.
Is Melrose a buyer’s or seller’s market?
A balanced market: 8 homes were for sale in May 2026 and 2 sold, about 4 months of supply. Buyers paid 99.1% of asking on average, and 29% of listings cut their price.
When is the best time to buy in Melrose?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Melrose?
About 0.9% of a home’s value a year. On a $233K home that’s near $2,100.
Where can I see homes for sale in Melrose?
Zillow, Redfin, Realtor.com and Homes.com all carry Melrose’s MLS listings; the search links above open each one filtered to Melrose.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).