How much does it cost to buy a house in Melrose, MN?

In July 2026 Melrose homes were listed to buy for a median price of $392K, The median value of a home listed to buy in Melrose in July 2026 was $135 per sqft, which is a 16% decrease to June 2025 last month, and a 15% decrease to July 2025 last year.

Is it affordable or expensive to live in Melrose, MN?

It is affordable to live in Melrose. Buying a home in Melrose is 1% less expensive compared with the national average.

Is it a good time to buy property in Melrose, MN?

Yes now is a good time to buy property in Melrose, in July 2026, homes in Melrose have decreased in value (price per sqft) by 15% in the last year compared with July 2025.

Is the Melrose, MN housing market slowing down?

The housing market in Melrose is slowing down. In July 2026, homes to buy in Melrose spent an median 39 days on the market, a 80% decrease from July 2025 last year.

How much money should I make to buy a house in Melrose, MN?

In July 2026, Melrose homes were listed to buy for a median price of $392K, with 25% down you would need $2.26K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $77.4K.

Is it a good time to sell my house in Melrose, MN?

Yes now is a good time to sell your house in Melrose, in July 2026, homes in Melrose have decreased in value (price per sqft) by 15% in the last year compared with July 2025.