Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $146,950
    5% ( $7,050 ) vs Jun 2013
  • Median Sales Price
    $130,500
    1% ( $1,000 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $105,000
    12% ( $11,000 ) vs Jun 2013
  • Foreclosures 431
    Homes for Sale 84
    Recently Sold 426

Market Summary

There are currently 431 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 84.

In July, the number of properties that received a foreclosure filing in Melrose Park, IL was 8% lower than the previous month and 5% lower than the same time last year.

Home sales for June 2014 were down 50% compared with the previous month, and down 60% compared with a year ago. The median sales price of a non-distressed home was $130,500. The median sales price of a foreclosure home was $105,000, or 20% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$105,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,500 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $130,500 (Median Sales Price) $129,500 (Median Sales Price) $115,000 (Median Sales Price) $125,000 (Median Sales Price) $129,000 (Median Sales Price) $132,000 (Median Sales Price) $105,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,500 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $130,500 (Median Sales Price) $129,500 (Median Sales Price) $115,000 (Median Sales Price) $125,000 (Median Sales Price) $129,000 (Median Sales Price) $132,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,530
45.2
% (y-o-y)
$288,000
7.7
% (y-o-y)
66.7%
69.5
% (y-o-y)
Oak Park
78
32.8
% (y-o-y)
$370,000
5.4
% (y-o-y)
51.3%
61.3
% (y-o-y)
Elmhurst
73
40.7
% (y-o-y)
$362,250
3.2
% (y-o-y)
40.4%
41.0
% (y-o-y)
Hinsdale
41
21.2
% (y-o-y)
$625,000
24.5
% (y-o-y)
48.1%
27.1
% (y-o-y)
Elmwood Park
37
51.3
% (y-o-y)
$211,250
29.2
% (y-o-y)
47.2%
21.4
% (y-o-y)
Bellwood
25
47.9
% (y-o-y)
$110,000
18.3
% (y-o-y)
52.3%
52.2
% (y-o-y)
Franklin Park
23
14.8
% (y-o-y)
$160,000
15.1
% (y-o-y)
37.5%
26.6
% (y-o-y)
Forest Park
22
42.1
% (y-o-y)
$194,250
17.7
% (y-o-y)
70.1%
65.9
% (y-o-y)
Westchester
22
46.3
% (y-o-y)
$203,500
15.0
% (y-o-y)
39.3%
23.4
% (y-o-y)
Bensenville
20
13.0
% (y-o-y)
$185,000
12.8
% (y-o-y)
29.5%
43.4
% (y-o-y)

Local Info For Melrose Park

Population:
24,725
Cost of Living Index: 110.80
Crime Index: 119.10     Rating: B- View crime details
Schools: 12    Average School Rating: C View individual school rating
Household Median Income: $43,478
Unemployment: 6.40%
Percentage of vacant homes: 10.92%