Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $147,000
    0% ( $500 ) vs Aug 2013
  • Median Sales Price
    $130,000
    0% ( $500 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $94,500
    5% ( $4,500 ) vs Aug 2013
  • Foreclosures 418
    Homes for Sale 66
    Recently Sold 422

Market Summary

There are currently 418 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 66.

In September, the number of properties that received a foreclosure filing in Melrose Park, IL was 42% higher than the previous month and 4% lower than the same time last year.

Home sales for August 2014 were up 22% compared with the previous month, and down 28% compared with a year ago. The median sales price of a non-distressed home was $130,000. The median sales price of a foreclosure home was $94,500, or 27% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$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) $90,000 (Median Foreclosure 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) $125,000 (Median 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) $90,000 (Median Foreclosure 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) $125,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,064
40.0
% (y-o-y)
$292,500
5.6
% (y-o-y)
66.2%
68.6
% (y-o-y)
Elmhurst
82
16.3
% (y-o-y)
$378,500
14.2
% (y-o-y)
39.2%
29.6
% (y-o-y)
Oak Park
69
49.3
% (y-o-y)
$377,500
14.4
% (y-o-y)
33.4%
74.2
% (y-o-y)
Hinsdale
45
27.4
% (y-o-y)
$822,000
6.2
% (y-o-y)
41.4%
49.8
% (y-o-y)
Elmwood Park
42
46.2
% (y-o-y)
$211,250
25.4
% (y-o-y)
37.5%
31.2
% (y-o-y)
Bellwood
29
35.6
% (y-o-y)
$105,000
5.0
% (y-o-y)
44.8%
55.0
% (y-o-y)
Forest Park
26
3.7
% (y-o-y)
$171,500
3.9
% (y-o-y)
70.8%
57.3
% (y-o-y)
Franklin Park
22
26.7
% (y-o-y)
$146,750
7.1
% (y-o-y)
18.2%
17.5
% (y-o-y)
Maywood
20
44.4
% (y-o-y)
$65,250
45.0
% (y-o-y)
50.2%
25.6
% (y-o-y)
Bensenville
19
63.5
% (y-o-y)
$180,000
5.3
% (y-o-y)
31.9%
37.7
% (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: 5.40%
Percentage of vacant homes: 10.92%