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Bronx
Queens
| Metric | Melrose | Ridgewood |
|---|---|---|
| Median Sale Price | $0 | $1,325,000 |
| Median Condo Price | N/A | N/A |
| Median Co-op Price | N/A | N/A |
| Median Rent | $2,322.5 | $3,385 |
| Active Listings | 4 | 36 |
| Rental Inventory | 8 | 206 |
| Days on Market | 0 | 86.5 |
| Price Cut Share | 0.0% | 19.4% |
| Monthly Sales Volume | 1 | 8 |
| YoY Price Change | 0.0% | +43.2% |
| YoY Rent Change | 0.0% | +5.8% |
| YoY Inventory Change | 0.0% | -5.3% |
| Subway Lines | N/A | N/A |
Prices in Melrose moved 0.0% over the past year, compared to +43.2% in Ridgewood. The +43.2% gain in Ridgewood reflects stronger buyer demand relative to available inventory in that market.
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.
View Full Market ReportRidgewood features orderly blocks of brick and limestone rowhouses, prewar tenements with decorative cornices, and multi-family buildings constructed between 1905 and 1925, making it one of Queens' most architecturally consistent neighborhoods. The M train runs through the heart of the area with stops at Seneca Avenue, Forest Avenue, and Fresh Pond Road, while the L train connects at Myrtle-Wyckoff Avenues. Highland Park and Ridgewood Reservoir border the neighborhood to the south, and the Vander Ende-Onderdonk House, an 18th-century landmark, marks the historic Queens-Brooklyn boundary.
View Full Market ReportNo subway data available
No subway data available
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 is refreshed every 15 minutes per REBNY IDX requirements.
From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Melrose and Ridgewood both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Outer-borough submarkets including Melrose and Ridgewood generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Melrose | Ridgewood |
|---|---|---|
| Median Sale Price | $0 | $1,325,000 |
| Median Rent | $2,322.5/mo | $3,385/mo |
| Year-over-Year Price Change | 0.0% | +43.2% |
| Average Days on Market | 0 days | 86.5 days |
| Distance to Nearest Subway | N/A | N/A |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated:
