Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $165,000
    2% ( $3,950 ) vs Nov 2014
  • Median Sales Price
    $215,000
    0% ( $0 ) vs Nov 2014
  • Median Foreclosure Sales Price
    $74,000
    5% ( $3,500 ) vs Nov 2014
  • Foreclosures 287
    Homes for Sale 45
    Recently Sold 277

Market Summary

There are currently 287 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 45.

In December, the number of properties that received a foreclosure filing in Melrose Park, IL was 55% lower than the previous month and 67% lower than the same time last year.

Home sales for November 2015 were up 800% compared with the previous month, and down 65% compared with a year ago. The median sales price of a non-distressed home was $215,000. The median sales price of a foreclosure home was $74,000, or 66% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$74,000 (Median Foreclosure Sales Price) $70,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $92,500 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $215,000 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $173,500 (Median Sales Price) $161,000 (Median Sales Price) $162,000 (Median Sales Price) $74,000 (Median Foreclosure Sales Price) $70,500 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $96,250 (Median Foreclosure Sales Price) $92,500 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $215,000 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $173,500 (Median Sales Price) $161,000 (Median Sales Price) $162,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,889
28.5
% (y-o-y)
$237,000
12.4
% (y-o-y)
57.4%
64.9
% (y-o-y)
Elmwood Park
30
33.3
% (y-o-y)
$224,000
27.8
% (y-o-y)
32.6%
13.8
% (y-o-y)
Oak Park
30
41.2
% (y-o-y)
$305,500
1.5
% (y-o-y)
39.4%
45.4
% (y-o-y)
Elmhurst
25
44.4
% (y-o-y)
$310,000
9.4
% (y-o-y)
Data not available
Maywood
23
4.5
% (y-o-y)
Data not available
Data not available
Bellwood
22
83.3
% (y-o-y)
$116,000
20.2
% (y-o-y)
48.7%
45.6
% (y-o-y)
Franklin Park
18
25.0
% (y-o-y)
$137,500
8.3
% (y-o-y)
Data not available
Westchester
17
37.0
% (y-o-y)
$193,000
5.9
% (y-o-y)
38.6%
0.0
% (y-o-y)
River Forest
15
36.4
% (y-o-y)
$284,000
34.7
% (y-o-y)
Data not available
Forest Park
12
29.4
% (y-o-y)
$152,500
11.3
% (y-o-y)
45.2%
52.3
% (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: 4.70%
Percentage of vacant homes: 10.92%

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