Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $150,813
    7% ( $9,863 ) vs Feb 2014
  • Median Sales Price
    $135,000
    0% ( $0 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $116,600
    7% ( $8,400 ) vs Feb 2014
  • Foreclosures 346
    Homes for Sale 68
    Recently Sold 250

Market Summary

There are currently 346 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 68.

In March, the number of properties that received a foreclosure filing in Melrose Park, IL was 176% higher than the previous month and 51% higher than the same time last year.

Home sales for February 2015 were down 32% compared with the previous month, and down 46% compared with a year ago. The median sales price of a non-distressed home was $135,000. The median sales price of a foreclosure home was $116,600, or 14% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$116,600 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $117,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $100,250 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $140,000 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median 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) $100,250 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $140,000 (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
1,786
30.2
% (y-o-y)
$245,000
2.0
% (y-o-y)
60.4%
64.4
% (y-o-y)
Elmwood Park
37
2.8
% (y-o-y)
$175,000
8.0
% (y-o-y)
14.6%
10.5
% (y-o-y)
Maywood
31
14.8
% (y-o-y)
$75,000
17.6
% (y-o-y)
49.2%
59.3
% (y-o-y)
Oak Park
21
56.3
% (y-o-y)
$328,500
12.5
% (y-o-y)
33.8%
33.7
% (y-o-y)
Elmhurst
19
47.2
% (y-o-y)
$352,500
20.3
% (y-o-y)
18.4%
26.6
% (y-o-y)
Bellwood
18
55.0
% (y-o-y)
$129,500
60.9
% (y-o-y)
61.4%
31.1
% (y-o-y)
Franklin Park
16
14.3
% (y-o-y)
$150,000
0.0
% (y-o-y)
25.3%
20.0
% (y-o-y)
Westchester
16
30.4
% (y-o-y)
$189,000
2.1
% (y-o-y)
29.6%
44.8
% (y-o-y)
Bensenville
14
0.0
% (y-o-y)
$166,500
7.5
% (y-o-y)
22.5%
20.8
% (y-o-y)
Forest Park
12
7.7
% (y-o-y)
$120,000
2.6
% (y-o-y)
50.0%
0.0
% (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: 8.80%
Percentage of vacant homes: 10.92%