Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $155,360
    2% ( $3,635 ) vs Apr 2014
  • Median Sales Price
    $140,000
    9% ( $11,750 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $113,000
    1% ( $1,100 ) vs Apr 2014
  • Foreclosures 333
    Homes for Sale 58
    Recently Sold 161

Market Summary

There are currently 333 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 58.

In May, the number of properties that received a foreclosure filing in Melrose Park, IL was 42% higher than the previous month and 34% higher than the same time last year.

Home sales for April 2015 were up 67% compared with the previous month, and down 84% compared with a year ago. The median sales price of a non-distressed home was $140,000. The median sales price of a foreclosure home was $113,000, or 19% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$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) $110,000 (Median Foreclosure 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) $140,000 (Median 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) $110,000 (Median Foreclosure 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) $140,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,681
59.3
% (y-o-y)
$250,000
4.2
% (y-o-y)
61.2%
65.5
% (y-o-y)
Elmhurst
40
28.6
% (y-o-y)
$359,500
16.0
% (y-o-y)
36.0%
35.6
% (y-o-y)
Elmwood Park
37
27.5
% (y-o-y)
$200,750
4.7
% (y-o-y)
20.0%
25.7
% (y-o-y)
Oak Park
29
71.8
% (y-o-y)
$290,000
3.3
% (y-o-y)
45.6%
60.0
% (y-o-y)
Maywood
21
34.4
% (y-o-y)
$77,000
10.0
% (y-o-y)
41.6%
48.6
% (y-o-y)
Bellwood
20
47.4
% (y-o-y)
$95,500
19.4
% (y-o-y)
48.2%
32.5
% (y-o-y)
Westchester
17
37.0
% (y-o-y)
$180,000
6.5
% (y-o-y)
30.0%
42.3
% (y-o-y)
Franklin Park
13
40.9
% (y-o-y)
$139,000
1.4
% (y-o-y)
22.3%
27.1
% (y-o-y)
Schiller Park
11
45.0
% (y-o-y)
$109,000
19.8
% (y-o-y)
Data not available
Bensenville
10
47.4
% (y-o-y)
$205,000
13.9
% (y-o-y)
39.8%
23.3
% (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%