Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Elmhurst vs Melrose

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

Queens|Bronx

Elmhurst

Queens

Melrose

Bronx

Median Sale Price
$490K
$0
Median Rent
$3K
$2K
Active Listings
88
4
Avg Days on Market
73.5 days
0 days
YoY Price Change
+8.9%
0.0%
Monthly Sales Volume
17
1

Detailed Comparison

MetricElmhurstMelrose
Median Sale Price$490,000$0
Median Condo Price$555,000N/A
Median Co-op Price$310,000N/A
Median Rent$2,647.5$2,322.5
Active Listings884
Rental Inventory1068
Days on Market73.50
Price Cut Share18.2%0.0%
Monthly Sales Volume171
YoY Price Change+8.9%0.0%
YoY Rent Change+1.8%0.0%
YoY Inventory Change+72.5%0.0%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Elmhurst moved +8.9% over the past year, compared to 0.0% in Melrose. The +8.9% gain in Elmhurst reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Elmhurst

Elmhurst is a dynamic and bustling neighborhood in central Queens. Known for its incredible culinary scene and bustling commercial corridors, the area offers a high-energy urban lifestyle. The real estate market is characterized by a wide range of housing options, from spacious pre-war cooperatives and traditional multi-family houses to sleek new construction condominiums that provide excellent value and a quick commute to Manhattan and Long Island City.

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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

Elmhurst

No subway data available

Melrose

No subway data available

Active Listings

Elmhurst for sale

View all Elmhurst 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 Elmhurst 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, Elmhurst or Melrose?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Elmhurst or Melrose?
This depends on what type of home fits your household. Elmhurst 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 Elmhurst 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 Elmhurst 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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