Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $145,000
    1% ( $1,750 ) vs Sep 2013
  • Median Sales Price
    $135,000
    4% ( $5,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $89,000
    6% ( $5,500 ) vs Sep 2013
  • Foreclosures 400
    Homes for Sale 43
    Recently Sold 425

Market Summary

There are currently 400 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 43.

In October, the number of properties that received a foreclosure filing in Melrose Park, IL was 9% higher than the previous month and 7% higher than the same time last year.

Home sales for September 2014 were up 33% compared with the previous month, and up 47% 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 $89,000, or 34% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$89,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $130,000 (Median Sales Price) $129,500 (Median Sales Price) $130,500 (Median Sales Price) $129,500 (Median Sales Price) $115,000 (Median Sales Price) $89,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $130,000 (Median Sales Price) $129,500 (Median Sales Price) $130,500 (Median Sales Price) $129,500 (Median Sales Price) $115,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
4,445
3.5
% (y-o-y)
$289,500
5.7
% (y-o-y)
65.5%
67.7
% (y-o-y)
Oak Park
98
3.9
% (y-o-y)
$340,000
4.8
% (y-o-y)
41.2%
74.3
% (y-o-y)
Elmwood Park
72
10.0
% (y-o-y)
$208,000
23.4
% (y-o-y)
18.3%
34.1
% (y-o-y)
Elmhurst
55
43.3
% (y-o-y)
$379,250
16.7
% (y-o-y)
39.5%
19.3
% (y-o-y)
Westchester
48
54.8
% (y-o-y)
$212,500
10.4
% (y-o-y)
27.1%
26.2
% (y-o-y)
Hinsdale
34
27.7
% (y-o-y)
$772,000
13.5
% (y-o-y)
29.7%
55.2
% (y-o-y)
Franklin Park
30
23.1
% (y-o-y)
$150,000
6.8
% (y-o-y)
14.0%
25.3
% (y-o-y)
Bellwood
30
25.0
% (y-o-y)
$101,000
6.3
% (y-o-y)
41.6%
51.6
% (y-o-y)
Forest Park
26
13.3
% (y-o-y)
$167,000
0.9
% (y-o-y)
50.9%
42.9
% (y-o-y)
River Forest
26
0.0
% (y-o-y)
$490,000
6.1
% (y-o-y)
68.4%
75.3
% (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: 5.20%
Percentage of vacant homes: 10.92%