Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

NYC Neighborhood Comparison

Melrose vs Rego Park

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

Bronx|Queens

Melrose

Bronx

Rego Park

Queens

Median Sale Price
$0
$365K
Median Rent
$2K
$3K
Active Listings
4
146
Avg Days on Market
0 days
64 days
YoY Price Change
0.0%
-4.1%
Monthly Sales Volume
1
23

Detailed Comparison

MetricMelroseRego Park
Median Sale Price$0$365,000
Median Condo PriceN/A$479,755
Median Co-op PriceN/A$355,000
Median Rent$2,322.5$3,150
Active Listings4146
Rental Inventory8167
Days on Market064
Price Cut Share0.0%10.3%
Monthly Sales Volume123
YoY Price Change0.0%-4.1%
YoY Rent Change0.0%+14.5%
YoY Inventory Change0.0%+20.7%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Melrose moved 0.0% over the past year, compared to -4.1% in Rego Park. Both markets have seen price softening, with Rego Park declining more sharply over the measured period.

Neighborhood Profiles

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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Rego Park

Rego Park is a highly convenient and residential Queens neighborhood known for its exceptional shopping and varied housing options. Home to major retail centers like Rego Center, the area offers a practical and comfortable urban lifestyle. The real estate market is characterized by a mix of spacious pre-war cooperatives, traditional multi-family houses, and modern high-rise condominiums that provide excellent value and a quick commute to Manhattan.

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Transit Access

Melrose

No subway data available

Rego Park

No subway data available

Active Listings

Melrose for sale

View all Melrose listings

Rego Park for sale

View all Rego Park 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 Melrose cheaper than Rego Park?
Median sale price data is not yet available for one or both neighborhoods. Contact Milton for a current market analysis.
Which has better transit, Melrose or Rego Park?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Melrose or Rego Park?
This depends on what type of home fits your household. Melrose and Rego Park 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 Melrose or Rego Park?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Melrose and Rego Park 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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