Melrose
Housing Market
Median sale price $164,950, down 18.4% year over year, with homes going under contract in about 63 days.
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Housing Market Analyst
Prices are down 18.4% versus the prior year, but sellers are still collecting 91.0% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
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 buyers.
- Inventory — building 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 $164,950, down 18.4% from a year ago. Buyers are paying a median of $131 per square foot. The typical home goes under contract in about 63 days. Sellers are capturing 91.0% of their original asking price on average.
Melrose prices sit below the Putnam County median by roughly 33%. 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 32 of 100 — soft market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of September 15, 2026.
Melrose since 2014 — and where it’s heading
A median home here sold for $104,300 in 2014 and $306,450 over the last recorded year — 194% appreciation across 12 years of recorded sales.
Median sale price · 2014–2026 (247 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
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
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 | $165K | — | 32 | |
| Eatonton | $391K | 71 | 46 | Open → |
| Interlachen | $142K | 34 | 46 | Open → |
| Palatka | $210K | 8 | 63 | Open → |
| Hawthorne | $265K | 1 | 43 | Open → |
Melrose ZIP codes
Most active communities
More on Melrose
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 buyers in Melrose — the Momentum Score reads 32/100. 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?
Yes, modestly — the median sale price in Melrose is $164,950, down 18.4% versus the prior year, while sellers still capture 91.0% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
How does Melrose compare to the rest of Putnam County?
Melrose's median of $164,950 runs 33% below the county-wide median of $245,000, and homes here take 63 days to go under contract versus 66 county-wide.
Melrose housing market FAQ
Is it a good time to sell a house in Melrose?
By the numbers, sellers in Melrose are getting 91.0% of asking price and going under contract in about 63 days. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the Melrose housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: Melrose median sale prices are down 18.4% year over year. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in Melrose?
The median sale price in Melrose is currently $164,950, down 18.4% from a year ago, based on MLS sales data updated September 15, 2026.
Is Melrose a buyer's or seller's market right now?
The data currently favors buyers. Melrose scores 32 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 63 days, per current MLS data.
Are home prices in Melrose rising or falling?
Median sale prices are down 18.4% 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: September 15, 2026 at 7:33 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.