Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $187,000
    15% ( $25,050 ) vs Mar 2015
  • Median Sales Price
    $160,750
    2% ( $3,500 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $78,000
    13% ( $12,000 ) vs Mar 2015
  • Foreclosures 266
    Homes for Sale 44
    Recently Sold 238

Market Summary

There are currently 266 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 44.

In April, the number of properties that received a foreclosure filing in Melrose Park, IL was 8% higher than the previous month and 25% lower than the same time last year.

Home sales for March 2016 were up 17% compared with the previous month, and up 600% compared with a year ago. The median sales price of a non-distressed home was $160,750. The median sales price of a foreclosure home was $78,000, or 51% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$78,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $74,000 (Median Foreclosure Sales Price) $70,500 (Median Foreclosure Sales Price) $160,750 (Median Sales Price) $164,250 (Median Sales Price) $175,000 (Median Sales Price) $182,000 (Median Sales Price) $215,000 (Median Sales Price) $0 (Median Sales Price) $78,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $74,000 (Median Foreclosure Sales Price) $70,500 (Median Foreclosure Sales Price) $160,750 (Median Sales Price) $164,250 (Median Sales Price) $175,000 (Median Sales Price) $182,000 (Median Sales Price) $215,000 (Median Sales Price) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,163
175.3
% (y-o-y)
$247,000
2.9
% (y-o-y)
62.3%
59.2
% (y-o-y)
Oak Park
59
293.3
% (y-o-y)
$286,000
7.7
% (y-o-y)
39.0%
59.0
% (y-o-y)
Elmhurst
52
300.0
% (y-o-y)
$318,750
14.8
% (y-o-y)
26.8%
34.4
% (y-o-y)
Elmwood Park
39
69.6
% (y-o-y)
$196,500
11.6
% (y-o-y)
23.3%
9.1
% (y-o-y)
Bellwood
35
218.2
% (y-o-y)
$105,000
18.6
% (y-o-y)
33.8%
65.1
% (y-o-y)
Hinsdale
34
466.7
% (y-o-y)
$765,000
5.0
% (y-o-y)
Data not available
Westchester
25
127.3
% (y-o-y)
$210,500
11.1
% (y-o-y)
31.7%
37.7
% (y-o-y)
Franklin Park
24
118.2
% (y-o-y)
$165,500
11.4
% (y-o-y)
31.3%
24.6
% (y-o-y)
Maywood
23
9.5
% (y-o-y)
$94,250
14.9
% (y-o-y)
42.7%
54.3
% (y-o-y)
Forest Park
22
37.5
% (y-o-y)
$139,000
56.2
% (y-o-y)
34.2%
5.6
% (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: 7.90%
Percentage of vacant homes: 10.92%

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