Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Greenwich Village vs Melrose

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Manhattan|Bronx

Greenwich Village

Manhattan

Melrose

Bronx

How They Compare

Commuters have more transit options in Greenwich Village, which is served by 5 subway lines compared to 0 in Melrose.

Median Sale Price
$1.8M
$0
Median Rent
$5K
$2K
Active Listings
262
4
Avg Days on Market
54 days
0 days
YoY Price Change
+36.1%
0.0%
Monthly Sales Volume
43
1

Detailed Comparison

MetricGreenwich VillageMelrose
Median Sale Price$1,800,000$0
Median Condo Price$1,800,000N/A
Median Co-op Price$1,668,734N/A
Median Rent$5,400$2,322.5
Active Listings2624
Rental Inventory2228
Days on Market540
Price Cut Share10.7%0.0%
Monthly Sales Volume431
YoY Price Change+36.1%0.0%
YoY Rent Change+5.4%0.0%
YoY Inventory Change+7.4%0.0%
Subway LinesC E N R WN/A

Year-Over-Year Price Movement

Prices in Greenwich Village moved +36.1% over the past year, compared to 0.0% in Melrose. The +36.1% gain in Greenwich Village reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Greenwich Village

Greenwich Village, or 'The Village,' remains the heart of New York’s creative history and intellectual life. Defined by its winding, non-grid streets and the iconic Washington Square Park, the neighborhood offers a unique sense of place. The real estate market is highly sought after, featuring some of the city's most beautiful historic townhouses, gold-coast cooperatives, and discreet luxury developments that maintain the area's low-rise charm.

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Melrose

Melrose features 19th-century brownstones, neo-Renaissance apartment houses, and modern LEED-certified developments like Via Verde, all anchored by the commercial corridors along Third Avenue and Melrose Avenue. The 2 and 5 trains stop at East 149th Street, the 4 train serves nearby stations, and St. Mary's Park provides 35 acres of green space on the neighborhood's edge.

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Transit Access

Greenwich Village

CENRW

Spring St (C E) — 0.5 mi

Prince St (N R W) — 0.7 mi

Melrose

No subway data available

Active Listings

Greenwich Village for sale

View all Greenwich Village listings

Melrose for sale

View all Melrose listings

Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.

Frequently Asked Questions

Is Greenwich Village cheaper than Melrose?
Median sale price data is not yet available for one or both neighborhoods. Contact Milton for a current market analysis.
Which has better transit, Greenwich Village or Melrose?
Greenwich Village has access to 5 subway lines and Melrose has 0, making Greenwich Village the stronger option for transit access. Melrose has 0 lines, which may still cover your commute depending on your destination.
Which is better for families, Greenwich Village or Melrose?
This depends on what type of home fits your household. Greenwich Village and Melrose both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Greenwich Village or Melrose?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Greenwich Village and Melrose gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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