HELLOCONDO BUYER'S BRIEF

Condos in Oak Grove Pine Banks Melrose, MA

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What to know

The neighborhood boasts a diverse demographic profile, with a significant number of residents primarily aged between 40 to 44 years, many of whom earn up to $106,400 annually.
The largest demographic of the area is individuals aged 40 to 44, who represent a mature, established segment of the community with significant purchasing power.

Market Overview

AVG. DAYS ON MARKET

24.02% year over year

AVG. SOLD PRICE

$659,500

7.55% year over year

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Frequently Asked Questions About Melrose, MA

What is it like to live in Oak Grove / Pine Banks, Melrose, MA?

Living in Oak Grove / Pine Banks offers residents a suburban atmosphere with access to parks and green spaces. The area is known for its family-friendly environment and good school system, making it appealing for families and professionals alike.

Is Oak Grove / Pine Banks, Melrose, MA expensive?

Oak Grove / Pine Banks is generally considered to be an expensive area within Melrose, MA. The housing market features a mix of single-family homes and condos, with median home prices above the state average. The cost of living reflects the overall desirability and accessibility to Boston.

What is the weather of Oak Grove / Pine Banks, Melrose, MA?

Oak Grove / Pine Banks experiences a humid continental climate, characterized by cold winters with average snowfall and warm summers. Spring and fall are mild, making the region suitable for outdoor activities during those seasons.

How safe is Oak Grove / Pine Banks, Melrose, MA?

Oak Grove / Pine Banks in Melrose is generally considered safe, with crime rates lower than the national average. The area benefits from a strong community presence and regular police patrols, contributing to its reputation as a secure neighborhood.