Home prices are on the slide in Melrose, and average listing price decreased 7.9 percent last year. Nonetheless, home values stood at $214,741 this year. During the same period, inventory is noticeably increasing in this city year-over-year, with a 21.3 percent increase in for-sale listings last year alone. If you ever wanted to live in a big plantation-style home, this place is the place to look as you will find plenty of homes that come with a large plot of land for you to enjoy. Many homes in Melrose are decorated with ceramic kitchen tiles which give them a lovely, homey look and feel.