House Prices

Pine Banks Melrose, MA House Prices & Home Values 2026


Average Data

average house price$684,241
average size per house1868 ft²
average price per ft²386 $ / ft²

05/23/2026 - The value range (VR) for house prices in Pine Banks Melrose, MA is $366.7/ sqft to $405.3/ sqft. An average home with 1868 sqft costs approximately $719,931 to $795,713. Melrose, MA includes 1 ZIP codes and it is located in Middlesex county. The lowest prices are found in ZIP 02176, while the highest are in ZIP 02176. The average price per sqare feet is $386. Our analysis is based on 24 property listings.

Avergage prices by ZIP codes Pine Banks Melrose

02176399 $ / ft²




Historical development of home values in Pine Banks Melrose

Year Estimated value (USD) Change vs. 2025
2010 $317,774 -53.6%
2011 $305,486 -55.4%
2012 $304,663 -55.5%
2013 $316,051 -53.8%
2014 $331,766 -51.5%
2015 $348,793 -49.0%
2016 $366,996 -46.4%
2017 $386,804 -43.5%
2018 $408,189 -40.3%
2019 $427,116 -37.6%
2020 $449,196 -34.4%
2021 $510,912 -25.3%
2022 $595,608 -13.0%
2023 $628,096 -8.2%
2024 $664,433 -2.9%
2025 $684,241 0.0%

Graph: estimated home values in Pine Banks Melrose over time (USD)



Example: 100% financing house in Pine Banks Melrose

Loan amount: $684,241

Interest rate: 6.31%

Fixed monthly payment: $4,237.94

Breakdown in the 1st month:
Interest portion: $3,595.69  –  Principal portion: $642.26

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $42,921.54 $7,933.77 $676,307.23
2 $42,406.52 $8,448.79 $667,858.44
3 $41,858.06 $8,997.24 $658,861.20
4 $41,274.01 $9,581.30 $649,279.90
5 $40,652.04 $10,203.27 $639,076.64
6 $39,989.70 $10,865.61 $628,211.03
7 $39,284.36 $11,570.95 $616,640.08
8 $38,533.23 $12,322.08 $604,318.00
9 $37,733.34 $13,121.96 $591,196.04
10 $36,881.53 $13,973.77 $577,222.26
11 $35,974.43 $14,880.88 $562,341.38
12 $35,008.43 $15,846.87 $546,494.51
13 $33,979.74 $16,875.57 $529,618.94
14 $32,884.26 $17,971.04 $511,647.90
15 $31,717.67 $19,137.63 $492,510.26
16 $30,475.35 $20,379.95 $472,130.31
17 $29,152.39 $21,702.91 $450,427.40
18 $27,743.55 $23,111.76 $427,315.64
19 $26,243.25 $24,612.05 $402,703.59
20 $24,645.56 $26,209.74 $376,493.85
21 $22,944.16 $27,911.14 $348,582.70
22 $21,132.31 $29,722.99 $318,859.71
23 $19,202.85 $31,652.46 $287,207.25
24 $17,148.13 $33,707.18 $253,500.07
25 $14,960.03 $35,895.27 $217,604.80
26 $12,629.89 $38,225.41 $179,379.39
27 $10,148.50 $40,706.81 $138,672.58
28 $7,506.02 $43,349.29 $95,323.29
29 $4,692.00 $46,163.30 $49,159.99
30 $1,695.32 $49,159.99 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Pine Banks Melrose, MA


1500 sqft3900 sqft
Ø selling price$736,321$1,566,354
Ø fast selling$669,382$1,409,719
Ø high price sale$803,259$1,722,990

In 2026, houses in Pine Banks Melrose, MA will be offered at an average price of $386 per square foot. A 1,500 sqft home priced at $736,321 is 24.17% more expensive per square foot than a 3,900 sqft home priced at $1,566,354. Home prices in Pine Banks Melrose, MA vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,084,399. Sellers who can wait longer may achieve a higher price of up to $1,325,377.


Pine Banks, Melrose MA: Neighborhood Guide

The neighborhood of Pine Banks in Melrose, MA blends small-town charm with big-city convenience along the Melrose?Malden line.

Outdoor Recreation at Pine Banks Park

Pine Banks Park spans over 100 acres of woodlands and athletic fields, offering trails, playgrounds, and a scenic pond for year-round activity.
Families and fitness enthusiasts enjoy baseball and softball diamonds, multi-sport fields, and shaded picnic spots.
Dog-friendly walking paths and seasonal community events add to the park?s welcoming vibe.

Location and Transportation

Commuters value quick access to the MBTA, with the Wyoming Hill commuter rail station nearby and Oak Grove?s Orange Line just minutes away.
Drivers connect easily to Route 28, Route 1, and I-93, placing downtown Boston and North Shore job hubs within practical reach.

Homes and Community

Local real estate includes classic New England single-family residences, well-kept multi-families, and select condos on quiet, tree-lined streets.
Buyers appreciate strong local schools, walkable sidewalks, and a friendly, close-knit neighborhood atmosphere.

Local Amenities and Lifestyle

Dining, coffee, and shopping on nearby Main Street and downtown Melrose bring local flavor, while boutiques and services sit a short stroll or drive away.
Whether you seek outdoor recreation, commuter convenience, or long-term value, Pine Banks delivers a balanced, highly livable lifestyle in Greater Boston.



FAQ – Home Values in Pine Banks Melrose

What is the median home value in Pine Banks Melrose in 2026?

In 2026, the typical home value in Pine Banks Melrose is about $684,241 for an average home size of 1868 square feet. This corresponds to an average price of roughly $386 per square foot.

What is the average cost per square foot in Pine Banks Melrose?

In 2026, homes in Pine Banks Melrose sell for an average of around $386 per square foot, with a typical range between $366.7 and $405.3 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Pine Banks?

The average home size in Pine Banks Melrose is about 1868 square feet, with an estimated 2026 value around $684,241.



Neighborhoods close to Pine Banks Melrose, MA

Stoneham Center Stoneham, MA326 $ / ft²
Braintree Highlands Braintree, MA361 $ / ft²
East Milton Milton, MA372 $ / ft²
West Medford Medford, MA419 $ / ft²
Point Shirley Winthrop, MA339 $ / ft²
Beachmont Revere, MA291 $ / ft²




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