Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $154,900
    0% ( $460 ) vs May 2014
  • Median Sales Price
    $161,000
    15% ( $21,000 ) vs May 2014
  • Median Foreclosure Sales Price
    $97,500
    14% ( $15,500 ) vs May 2014
  • Foreclosures 328
    Homes for Sale 57
    Recently Sold 129

Market Summary

There are currently 328 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 57.

In June, the number of properties that received a foreclosure filing in Melrose Park, IL was 51% lower than the previous month and 38% lower than the same time last year.

Home sales for May 2015 were up 160% compared with the previous month, and down 64% compared with a year ago. The median sales price of a non-distressed home was $161,000. The median sales price of a foreclosure home was $97,500, or 39% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$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) $117,500 (Median Foreclosure 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) $135,000 (Median 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) $117,500 (Median Foreclosure 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) $135,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,379
34.8
% (y-o-y)
$276,500
0.5
% (y-o-y)
60.9%
65.8
% (y-o-y)
Elmhurst
63
16.0
% (y-o-y)
$338,000
2.0
% (y-o-y)
31.7%
37.4
% (y-o-y)
Oak Park
52
34.2
% (y-o-y)
$310,000
5.7
% (y-o-y)
39.2%
48.1
% (y-o-y)
Elmwood Park
45
2.2
% (y-o-y)
$222,500
18.4
% (y-o-y)
29.7%
46.3
% (y-o-y)
Bellwood
24
41.2
% (y-o-y)
$112,000
1.8
% (y-o-y)
54.5%
45.9
% (y-o-y)
Westchester
23
14.8
% (y-o-y)
$185,000
7.5
% (y-o-y)
22.2%
43.1
% (y-o-y)
Franklin Park
22
31.3
% (y-o-y)
$124,000
22.5
% (y-o-y)
5.0%
40.6
% (y-o-y)
Hinsdale
20
39.4
% (y-o-y)
$855,000
55.5
% (y-o-y)
49.6%
0.0
% (y-o-y)
Maywood
17
46.9
% (y-o-y)
$75,000
7.1
% (y-o-y)
29.3%
49.3
% (y-o-y)
Forest Park
17
34.6
% (y-o-y)
$173,250
12.6
% (y-o-y)
41.1%
67.2
% (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: 6.70%
Percentage of vacant homes: 10.92%