Melrose
Housing Market
Median sale price $103,020, up 12.6% year over year, with homes going under contract in about 67 days.
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Housing Market Analyst
Prices are up 12.6% versus the prior year and sellers are still collecting 93.1% of asking. Taken together, the data points to a broadly balanced market where preparation decides who wins.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors sellers.
- Inventory — tightening over the tracked window; watch whether that holds through the season.
- Mortgage sensitivity — at 4.7× income, this market is moderately sensitive to rate moves; rate relief tends to show up in demand here quickly.
Derived from current Melrose data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on Melrose
The median sale price across Melrose currently stands at $103,020, up 12.6% from a year ago. Buyers are paying a median of $131 per square foot. The typical home goes under contract in about 67 days. Sellers are capturing 93.1% of their original asking price on average.
Melrose prices sit below the Putnam County median by roughly 48%. Zillow's home value index for Putnam County stands at $220,059. About 26% of listings county-wide have taken a price cut — a useful gauge of seller flexibility.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for Melrose is 59 of 100 — balanced market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of August 26, 2026.
Melrose since 2014 — and where it’s heading
A median home here sold for $116,916 in 2014 and $302,760 over the last recorded year — 159% appreciation across 12 years of recorded sales.
Median sale price · 2014–2026 (219 recorded sales)
Days on market by year
Home value trend · Putnam County (Zillow ZHVI)
For-sale inventory · county (Zillow)
Daily active vs pending · Putnam County (MLS)
Median price · daily recalculation
What’s driving Melrose
Movers arriving report ~$55,107 average income. Source: IRS SOI county-to-county migration, 2022-2023
550 Citizens policies in force in Putnam County — the state-backed insurer of last resort. Budget insurance into any Putnam purchase before you fall in love with a house. Source: Citizens Property Insurance, Detail by County, April 2026
91 single-family · 36 multi-family · 1.7 per 1,000 residents. Future supply pressure starts here. Source: U.S. Census Bureau, Building Permits Survey, 2025
The calls we’re making from today’s data
Both sides have a case: buyers should negotiate on days-on-market, sellers should lean on the under-contract rate. Preparation, not the market, decides who wins a balanced tape.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
How it stacks up across Putnam County
| Market | Median | Active | Score | |
|---|---|---|---|---|
| Melrose ← this page | $103K | — | 59 | |
| Interlachen | $145K | 30 | 51 | Open → |
| Satsuma | $160K | 14 | 41 | Open → |
| Palatka | $217K | 10 | 49 | Open → |
| Hawthorne | $275K | 1 | 55 | Open → |
Melrose ZIP codes
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in Melrose right now?
The data says conditions currently favor neither side decisively in Melrose — the Momentum Score reads 59/100. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is Melrose becoming more affordable?
No — the median sale price in Melrose is $103,020, up 12.6% versus the prior year, while sellers still capture 93.1% of asking price. Rising prices mean waiting has a cost; affordability hinges mostly on your rate.
How does Melrose compare to the rest of Putnam County?
Melrose's median of $103,020 runs 48% below the county-wide median of $199,900, and homes here take 67 days to go under contract versus 60 county-wide.
Melrose housing market FAQ
What is the median home price in Melrose?
The median sale price in Melrose is currently $103,020, up 12.6% from a year ago, based on MLS sales data updated August 26, 2026.
Is Melrose a buyer's or seller's market right now?
The data currently favors sellers. Melrose scores 59 of 100 on the Momentum Score. Conditions change; this page updates daily.
How long do homes take to sell in Melrose?
The typical home in Melrose goes under contract in about 67 days, per current MLS data.
Are home prices in Melrose rising or falling?
Median sale prices are up 12.6% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across Melrose. Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Florida MLS feeds, recorded public sales, Zillow Research, and U.S. Census data — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: August 26, 2026 at 8:37 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (Zillow Research, U.S. Census Bureau) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.