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Melrose, NB

Updated: May 2015
House
Median price $129,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.17%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Melrose Home Price

Melrose was Canada’s 4351th most expensive suburb by listed median house price this month.

In May the median listed house price of $129,900 in Melrose was a below average compared to the rest of New Brunswick.

Across New Brunswick Melrose has the 290th most properties on offer with 416.

When we look at the data we have, it can help with trying to establish whether or not Melrose is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Melrose there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Will prices rise across the next year in in Melrose? There are a number of real estate indicators to consider.

In Melrose, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Demographics
  • Population in 20111074
  • Population in 20061203
  • 2006 to 2011 population change (%)-10.7
  • Total private dwellings1160
  • Private dwellings occupied by usual residents490
  • Population density per square kilometre3.5
  • Land area (square km)304