Is Melrose, NY 12121 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Melrose is a seller’s market. With about 2.4 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.4Under 4 months = seller’s market

Sold above original list50%Share of sales, last 3 months

Median sale-to-list101.3%Sold price ÷ list price

Median days on market45Listing to accepted offer

Median price per sq ft$232▲ +10.4% vs. last year

Run the numbers for 12121

Prefilled for 12121Can I win this house?Multiple-offer likelihood for a listing Prefilled for 12121Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Averill Park 12018Seller’s market $235 /sq ft Berlin 12022Seller’s market $221 /sq ft Castleton On Hudson 12033Seller’s market $213 /sq ft Cropseyville 12052Seller’s market $233 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology