Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $137,400
    0% ( $0 ) vs Dec 2013
  • Median Sales Price
    $130,000
    8% ( $10,750 ) vs Dec 2013
  • Median Foreclosure Sales Price
    $117,500
    7% ( $7,500 ) vs Dec 2013
  • Foreclosures 368
    Homes for Sale 52
    Recently Sold 285

Market Summary

There are currently 368 properties in Melrose Park, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 52.

In January, the number of properties that received a foreclosure filing in Melrose Park, IL was 19% higher than the previous month and 4% higher than the same time last year.

Home sales for December 2014 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $130,000. The median sales price of a foreclosure home was $117,500, or 10% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$117,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $100,250 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $130,000 (Median Sales Price) $140,750 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $130,000 (Median Sales Price) $129,500 (Median Sales Price) $117,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $100,250 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $130,000 (Median Sales Price) $140,750 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $130,000 (Median Sales Price) $129,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
618
81.0
% (y-o-y)
$260,000
1.6
% (y-o-y)
63.8%
64.8
% (y-o-y)
Maywood
20
31.0
% (y-o-y)
$117,000
67.1
% (y-o-y)
66.7%
34.3
% (y-o-y)
Elmwood Park
19
62.7
% (y-o-y)
$150,000
11.8
% (y-o-y)
0.7%
11.8
% (y-o-y)
Oak Park
12
76.9
% (y-o-y)
$291,000
5.1
% (y-o-y)
36.4%
40.6
% (y-o-y)
Bellwood
11
52.2
% (y-o-y)
$90,000
8.6
% (y-o-y)
34.4%
43.4
% (y-o-y)
Franklin Park
9
62.5
% (y-o-y)
$135,000
4.4
% (y-o-y)
20.7%
4.1
% (y-o-y)
Broadview
9
43.8
% (y-o-y)
$125,000
12.3
% (y-o-y)
41.6%
66.1
% (y-o-y)
Westchester
7
74.1
% (y-o-y)
$205,000
8.3
% (y-o-y)
26.8%
32.6
% (y-o-y)
Elmhurst
6
86.4
% (y-o-y)
$320,000
6.7
% (y-o-y)
Data not available
Forest Park
4
76.5
% (y-o-y)
$215,000
0.7
% (y-o-y)
72.1%
38.1
% (y-o-y)

Local Info For Melrose Park

Population:
24,725
Cost of Living Index: 110.80
Crime Index: 79.94     Rating: B View crime details
Schools: 12    Average School Rating: C View individual school rating
Household Median Income: $43,478
Unemployment: 5.30%
Percentage of vacant homes: 10.92%