Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $137,400
    2% ( $3,300 ) vs Nov 2013
  • Median Sales Price
    $140,750
    4% ( $5,750 ) vs Nov 2013
  • Median Foreclosure Sales Price
    $110,000
    10% ( $9,750 ) vs Nov 2013
  • Foreclosures 378
    Homes for Sale 56
    Recently Sold 346

Market Summary

There are currently 378 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 56.

In December, the number of properties that received a foreclosure filing in Melrose Park, IL was 17% higher than the previous month and 14% lower than the same time last year.

Home sales for November 2014 were down 58% compared with the previous month, and down 35% compared with a year ago. The median sales price of a non-distressed home was $140,750. The median sales price of a foreclosure home was $110,000, or 22% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$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) $105,000 (Median Foreclosure 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) $130,500 (Median 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) $105,000 (Median Foreclosure 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) $130,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,098
30.9
% (y-o-y)
$272,500
4.8
% (y-o-y)
65.1%
65.4
% (y-o-y)
Oak Park
44
38.0
% (y-o-y)
$311,500
2.1
% (y-o-y)
45.7%
52.5
% (y-o-y)
Elmwood Park
39
22.0
% (y-o-y)
$176,750
7.0
% (y-o-y)
14.6%
30.1
% (y-o-y)
Elmhurst
33
55.4
% (y-o-y)
$335,000
7.2
% (y-o-y)
Data not available
Hinsdale
25
39.0
% (y-o-y)
$727,500
8.5
% (y-o-y)
Data not available
Westchester
23
4.2
% (y-o-y)
$210,000
19.3
% (y-o-y)
Data not available
Franklin Park
23
4.5
% (y-o-y)
$150,000
15.4
% (y-o-y)
20.5%
7.7
% (y-o-y)
Maywood
17
32.0
% (y-o-y)
$110,000
47.2
% (y-o-y)
64.1%
37.1
% (y-o-y)
Bensenville
16
27.3
% (y-o-y)
$175,750
13.4
% (y-o-y)
38.8%
22.9
% (y-o-y)
Schiller Park
13
0.0
% (y-o-y)
$140,000
9.7
% (y-o-y)
Data not available

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%