Melrose Market Trends


Median Sales Price in Melrose

 

1 yr 5 yr Max
Melrose median sales prices
Number of sold homes in Melrose
Neighborhood Oct - Jan '15 y-o-y 3 months prior 1 year prior 5 years prior
Melrose $931,000 +9.5% $1,044,500 $850,000 $825,000
Los Angeles $561,000 +6.9% $575,000 $525,000 $354,000
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Summary for Melrose


The median sales price for homes in Melrose for Oct 14 to Jan 15 was $931,000. This represents a decline of 10.9%, or $113,500, compared to the prior quarter and an increase of 9.5% compared to the prior year. Sales prices have appreciated 12.8% over the last 5 years in Melrose, Los Angeles. The median sales price of $931,000 for Melrose is 65.95% higher than the median sales price for Los Angeles CA. Average listing price for homes on Trulia in Melrose was $1,332,047 for the week ending Jan 28, which represents a decline of 18.8%, or $308,517 compared to the prior week and a decline of 35%, or $716,225, compared to the week ending Jan 07. Average price per square foot for homes in Melrose was $707 in the most recent quarter, which is 13.68% lower than the average price per square foot for homes in Los Angeles.

Average Listing Price in Melrose

 

Melrose average property price
Melrose – number of properties
Neighborhood Week ending
Jan 28
w-o-w Week ending
Jan 21
Week ending
Jan 14
Week ending
Jan 7
Melrose $1,332,047 -18.8% $1,640,564 $1,798,838 $2,048,272
Los Angeles $1,390,782 +2.8% $1,352,467 $1,380,775 $1,417,316
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Average Price Per Sqft. for Homes in Melrose

 

1 yr 5 yr Max
Melrose average price per square foot
Neighborhood Oct - Jan '15 y-o-y 3 months prior 1 year prior 5 years prior
Melrose $707 +18.6% $800 $596 $483
Los Angeles $819 +87.4% $480 $437 $318
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Popular Neighborhoods in Los Angeles


Neighborhoods Week ending
Jan 28
w-o-w Week ending
Jan 21
Week ending
Jan 14
Hollywood Hills 1 1 1
Bel Air 2 2 2
Mid City 3 +4 7 8
Brentwood 4 +1 5 5
Westwood 5 -2 3 4
West Los Angeles 6 -2 4 3
Stats & Trends
Homes for Sale in Melrose
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