Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $189,900
    2% ( $2,900 ) vs Apr 2015
  • Median Sales Price
    $152,500
    5% ( $8,250 ) vs Apr 2015
  • Median Foreclosure Sales Price
    $105,000
    35% ( $27,000 ) vs Apr 2015
  • Foreclosures 277
    Homes for Sale 52
    Recently Sold 189

Market Summary

There are currently 277 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 May, the number of properties that received a foreclosure filing in Melrose Park, IL was 37% higher than the previous month and 27% lower than the same time last year.

Home sales for April 2016 were down 48% compared with the previous month, and up 120% compared with a year ago. The median sales price of a non-distressed home was $152,500. The median sales price of a foreclosure home was $105,000, or 31% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




Add this chart to your website.

$105,000 (Median Foreclosure Sales Price) $78,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $74,000 (Median Foreclosure Sales Price) $152,500 (Median Sales Price) $160,750 (Median Sales Price) $164,250 (Median Sales Price) $175,000 (Median Sales Price) $182,000 (Median Sales Price) $215,000 (Median Sales Price) $105,000 (Median Foreclosure Sales Price) $78,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $74,000 (Median Foreclosure Sales Price) $152,500 (Median Sales Price) $160,750 (Median Sales Price) $164,250 (Median Sales Price) $175,000 (Median Sales Price) $182,000 (Median Sales Price) $215,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,423
44.1
% (y-o-y)
$255,500
2.2
% (y-o-y)
65.0%
61.1
% (y-o-y)
Elmhurst
54
35.0
% (y-o-y)
$345,000
4.0
% (y-o-y)
19.1%
36.0
% (y-o-y)
Oak Park
54
86.2
% (y-o-y)
$283,500
2.2
% (y-o-y)
25.9%
45.6
% (y-o-y)
Elmwood Park
40
8.1
% (y-o-y)
$176,500
12.1
% (y-o-y)
22.1%
20.0
% (y-o-y)
Hinsdale
27
237.5
% (y-o-y)
$750,000
17.3
% (y-o-y)
Data not available
Westchester
24
41.2
% (y-o-y)
$223,000
23.9
% (y-o-y)
35.5%
30.0
% (y-o-y)
Maywood
23
9.5
% (y-o-y)
$75,000
2.6
% (y-o-y)
42.0%
41.6
% (y-o-y)
Forest Park
22
214.3
% (y-o-y)
$165,000
53.8
% (y-o-y)
71.4%
12.4
% (y-o-y)
Bellwood
19
5.0
% (y-o-y)
$119,000
24.6
% (y-o-y)
46.6%
48.2
% (y-o-y)
Franklin Park
17
30.8
% (y-o-y)
$175,000
25.9
% (y-o-y)
22.3%
22.3
% (y-o-y)

Local Info For Melrose Park

Population:
24,725
Cost of Living Index: 110.80
Crime Index: 27.03     Rating: A View crime details
Schools: 12    Average School Rating: C View individual school rating
Household Median Income: $43,478
Unemployment: 5.10%
Percentage of vacant homes: 10.92%

Get FREE, unrestricted access for 7 days!
Enjoy FREE access and get:
Exclusive insight into the largest and most
up-to-date database
of foreclosures
Up to 50% savings on foreclosures
The inside scoop on foreclosure deals before
anyone else
Detailed and accurate property information
Online training videos on how to get the best
deals
(and avoid costly mistakes)