Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $150,000
    1% ( $813 ) vs Mar 2014
  • Median Sales Price
    $128,250
    5% ( $6,750 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $114,100
    2% ( $2,500 ) vs Mar 2014
  • Foreclosures 337
    Homes for Sale 64
    Recently Sold 208

Market Summary

There are currently 337 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 64.

In April, the number of properties that received a foreclosure filing in Melrose Park, IL was 55% lower than the previous month and 12% lower than the same time last year.

Home sales for March 2015 were down 80% compared with the previous month, and down 88% compared with a year ago. The median sales price of a non-distressed home was $128,250. The median sales price of a foreclosure home was $114,100, or 11% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$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) $100,250 (Median Foreclosure 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) $135,000 (Median 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) $100,250 (Median Foreclosure 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) $135,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
1,149
62.8
% (y-o-y)
$240,000
2.0
% (y-o-y)
59.2%
63.5
% (y-o-y)
Elmwood Park
23
34.3
% (y-o-y)
$176,000
4.6
% (y-o-y)
9.1%
36.7
% (y-o-y)
Maywood
21
12.5
% (y-o-y)
$82,000
0.0
% (y-o-y)
54.3%
56.1
% (y-o-y)
Forest Park
16
36.0
% (y-o-y)
$89,000
21.2
% (y-o-y)
Data not available
Oak Park
15
64.3
% (y-o-y)
$310,000
11.3
% (y-o-y)
59.0%
35.7
% (y-o-y)
Elmhurst
13
81.9
% (y-o-y)
$374,000
25.5
% (y-o-y)
34.4%
27.9
% (y-o-y)
Bensenville
12
33.3
% (y-o-y)
$193,750
0.4
% (y-o-y)
34.9%
26.2
% (y-o-y)
Bellwood
11
42.1
% (y-o-y)
$129,000
71.4
% (y-o-y)
65.1%
26.6
% (y-o-y)
Franklin Park
11
8.3
% (y-o-y)
$148,500
0.7
% (y-o-y)
24.6%
25.4
% (y-o-y)
Westchester
11
52.2
% (y-o-y)
$189,500
4.4
% (y-o-y)
37.7%
37.3
% (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: 8.60%
Percentage of vacant homes: 10.92%