Year over year in Melrose Woodlea, home values in this rolling three-month view have dropped sharply, with the typical home value down more than a third. The number of homes sold is also down about 36 percent from a year ago, signaling slower closed activity. At the same time, inventory has thinned modestly, with active listings falling around 15 percent.
In the latest rolling period ending in September 2026, the median sale price sits near $325,000, well below Phoenix’s citywide median of about $452,000. Supply has expanded to roughly 7.7 months compared with about 4.7 months across Phoenix, highlighting looser local conditions than the broader city.
Current activity shows just 5 homes sold and 9 new listings over the period, suggesting fewer sellers coming to market and fewer buyers closing deals. Homes are spending a median of 51 days on the market, but that is actually about 36 percent faster than a year ago, pointing to more decisive buyers on the homes that do sell. Roughly 20 percent of recent sales closed above list price, and sellers are receiving about 97.6 percent of their asking price on average, so pricing still matters. With supply, pricing, and pace all shifting at once, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who knows how to navigate Melrose Woodlea’s current dynamics.
