Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $175,000
    7% ( $14,000 ) vs Jun 2015
  • Median Sales Price
    $155,000
    3% ( $5,000 ) vs Jun 2015
  • Median Foreclosure Sales Price
    $110,000
    4% ( $4,500 ) vs Jun 2015
  • Foreclosures 264
    Homes for Sale 59
    Recently Sold 125

Market Summary

There are currently 264 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 59.

In July, the number of properties that received a foreclosure filing in Melrose Park, IL was 36% lower than the previous month and 38% lower than the same time last year.

Home sales for June 2016 were down 50% compared with the previous month, and down 58% compared with a year ago. The median sales price of a non-distressed home was $155,000. The median sales price of a foreclosure home was $110,000, or 29% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




Add this chart to your website.

$110,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure 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) $155,000 (Median Sales Price) $150,000 (Median Sales Price) $150,000 (Median Sales Price) $160,000 (Median Sales Price) $164,250 (Median Sales Price) $175,000 (Median Sales Price) $110,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure 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) $155,000 (Median Sales Price) $150,000 (Median Sales Price) $150,000 (Median Sales Price) $160,000 (Median Sales Price) $164,250 (Median Sales Price) $175,000 (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
591
70.3
% (y-o-y)
$253,500
12.9
% (y-o-y)
71.5%
62.8
% (y-o-y)
Oak Park
20
59.2
% (y-o-y)
$340,500
2.4
% (y-o-y)
Data not available
Elmhurst
16
56.8
% (y-o-y)
$380,750
10.0
% (y-o-y)
26.7%
33.0
% (y-o-y)
Elmwood Park
14
63.2
% (y-o-y)
$240,000
6.7
% (y-o-y)
42.7%
36.1
% (y-o-y)
Westchester
14
30.0
% (y-o-y)
$229,000
14.5
% (y-o-y)
32.3%
29.0
% (y-o-y)
Hinsdale
13
40.9
% (y-o-y)
$737,500
10.6
% (y-o-y)
Data not available
Bensenville
9
30.8
% (y-o-y)
$176,500
2.6
% (y-o-y)
Data not available
Forest Park
8
38.5
% (y-o-y)
$245,000
38.8
% (y-o-y)
Data not available
Franklin Park
8
33.3
% (y-o-y)
$190,000
9.4
% (y-o-y)
31.6%
24.5
% (y-o-y)
Bellwood
7
69.6
% (y-o-y)
$127,000
12.9
% (y-o-y)
49.6%
55.6
% (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: 6.10%
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)