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

In November 2026 Melrose homes were listed to buy for a median price of $99K, which is a 48% decrease to October 2025 last month, and a 47% decrease to November 2025 last year. The median value of a home listed to buy in Melrose in November 2026 was $96 per sqft, which is a 26% decrease to October 2025 last month, and a 26% decrease to November 2025 last year.

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

It is affordable to live in Melrose. Buying a home in Melrose is 0% less expensive compared with the national average.

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

Yes now is a good time to buy property in Melrose, in November 2026, homes in Melrose have decreased in value (price per sqft) by 26% in the last year compared with November 2025.

Is the Melrose, NM housing market slowing down?

In November 2026, homes to buy in Melrose spent an median 102 days on the market, a same November 2025 last year.

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

In November 2026, Melrose homes were listed to buy for a median price of $99K, with 25% down you would need $568/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $19.4K.

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

Yes now is a good time to sell your house in Melrose, in November 2026, homes in Melrose have decreased in value (price per sqft) by 26% in the last year compared with November 2025.

Single Family Homes For Sale in Melrose, NM

3 Homes

Melrose, NM Homes for Sale

Welcome to this cozy 2-bedroom, 1-bath home featuring recent interior updates and a brand-new roof. The property includes a detached carport and sits on nearly an acre, offering plenty of outdoor space with great potential. Whether you're looking for your next investment opportunity or a peaceful place to call home, this property is full of possibilities. Don't miss the chance to view this home---schedule your showing today!

801 E Avenue C, Melrose, NM 88124

$67,500
2Bd
1Ba
968 Sq Ft

Melrose, NM Homes for Sale

Come smell the roses in Melrose. Enjoy peaceful country living in this 4 bedroom, 2.5 bath home with a bonus space ...plenty of room for activities. Beautiful new flooring throughout and a very open layout for all to gather. Outside you'll find a 30x40 metal shop, metal back fence, cozy fire pit , covered patio and an RV hookup. Melrose schools are proud of their 20:1 student ratio, 98.5% graduation rate and excellence in athletics. Connect with me and let's go see!

520 Tenth St, Melrose, NM 88124

$285,000
4Bd
3Ba
2,488 Sq Ft

$2K

Melrose, NM Homes for Sale

2-bedroom, 1-bath home in Melrose offering approximately 1,166 sq ft, situated on a large corner lot. The property features a functional layout with a sunroom and bonus/workshop space. Exterior includes a detached garage and carport for ample covered parking. Great opportunity for buyers seeking small-town living with flexible space and potential. Schedule your showing today!

405 N 8th St, Melrose, NM 88124

$99,000
2Bd
1Ba
1,166 Sq Ft

$31K

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1 - 3 of 3 Houses for sale in Melrose, NM

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The prices shown are the median list prices.

88124, NM Homes for sale

$88,900

Melrose, NM real estate market trends

Statistics as of November 2026

$99K

Avg. list price

$96/Sqft

Avg. price/sqft

Homes for sale

1,722 Sqft

Avg. home size

102 Days

Avg. days on market

Movoto makes it easy to track market trends in Melrose, NM. Whether you’re entering the market or planning your next move, understanding these key metrics can guide smart decisions. Looking for more detailed housing market stats in Melrose, NM?

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Melrose, NM Schools. Ratings provided by great school

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Single Family Homes For Sale in Melrose, NM

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Melrose, NM real estate market trends

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