Median price for residential apartments in Melrose, Albany, NY as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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22 Melrose, Albany, NY, USA apartments for sale
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Housing Trends
How much does an apartment cost in Melrose, Albany, NY, USA
Average apartment sale in Melrose: $516,995 (-0.2%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $712,580 | -1.2% |
| 1-bed apartments | $176,000 | N/A |
| 2-bed apartments | $226,470 | +0.8% |
| 3-bed apartments | $399,999 | +0% |
| 4+ bed apartments | $412,639 | +1.5% |
During Jan 2023, the average price for an apartment in/near Melrose, Albany, NY decreased by 0.2% to $516,995.
Knowing the current property prices is key if you plan to buy a studio in Melrose, Albany, NY. The average price for a studio has decreased since the last month, currently being $712,580. After collecting all data points, we now see that the average price for 1-bed apartment stands at $176,000 with no changes this month. Asking price for 2-bed apartment also increased by 0.8% and a place of this size will now cost you $226,470. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $399,999. We discerned the rise of 4- and more bed apartment price. It increased by 1.5% and made it up to $412,639.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Townhouses for sale | $750,875 | -0.6% |
| Other for sale | $272,434 | -0.3% |
| Duplexes for sale | $266,684 | -0.3% |
| Apartments for sale | $2,754,500 | +0% |
| Houses for sale | $652,766 | +10.2% |
| Condos for sale | $262,833 | -1.3% |
While assessing the property pricing Melrose, Albany, NY, you can note that it remains flat with a price tag of $2,754,500. Price reports demonstrate that house price increased by 10.2% this month making it up to $652,766. Condos faced an upward trend these days. The median price for a condo decreased by 1.3%, it’s now available for $262,833. You can now purchase a duplex for just $266,684, duplex price decreased by 0.3% this month. The property value of townhouses decreased by 0.6%, you’ll have to spend around $750,875 to get one. The price for other types of properties for sale has changed since Dec, decreased by 0.3%. Now, the price is $272,434 on average.
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