Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $151,000
    3% ( $3,900 ) vs Jun 2014
  • Median Sales Price
    $162,000
    1% ( $1,000 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $95,000
    3% ( $2,500 ) vs Jun 2014
  • Foreclosures 326
    Homes for Sale 67
    Recently Sold 79

Market Summary

There are currently 326 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 67.

In July, the number of properties that received a foreclosure filing in Melrose Park, IL was 48% higher than the previous month and 0% higher than the same time last year.

Home sales for June 2015 were down 25% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $162,000. The median sales price of a foreclosure home was $95,000, or 41% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$95,000 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $113,000 (Median Foreclosure Sales Price) $114,100 (Median Foreclosure Sales Price) $116,600 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $162,000 (Median Sales Price) $161,000 (Median Sales Price) $140,000 (Median Sales Price) $128,250 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $95,000 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $113,000 (Median Foreclosure Sales Price) $114,100 (Median Foreclosure Sales Price) $116,600 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $162,000 (Median Sales Price) $161,000 (Median Sales Price) $140,000 (Median Sales Price) $128,250 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,949
23.9
% (y-o-y)
$290,500
0.2
% (y-o-y)
62.7%
66.9
% (y-o-y)
Oak Park
49
37.2
% (y-o-y)
$332,500
10.1
% (y-o-y)
43.3%
51.3
% (y-o-y)
Elmhurst
37
49.3
% (y-o-y)
$346,250
4.4
% (y-o-y)
33.0%
40.4
% (y-o-y)
Elmwood Park
37
0.0
% (y-o-y)
$225,000
6.5
% (y-o-y)
36.1%
47.2
% (y-o-y)
Maywood
24
26.3
% (y-o-y)
$69,750
6.4
% (y-o-y)
35.5%
51.7
% (y-o-y)
Bellwood
23
8.0
% (y-o-y)
$112,500
4.7
% (y-o-y)
55.6%
51.2
% (y-o-y)
Hinsdale
22
50.0
% (y-o-y)
$825,000
32.1
% (y-o-y)
74.9%
48.1
% (y-o-y)
Westchester
20
9.1
% (y-o-y)
$200,000
1.7
% (y-o-y)
29.0%
39.3
% (y-o-y)
Bensenville
13
35.0
% (y-o-y)
$172,000
7.0
% (y-o-y)
18.6%
29.5
% (y-o-y)
Forest Park
12
45.5
% (y-o-y)
$176,500
9.1
% (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: 6.70%
Percentage of vacant homes: 10.92%