Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $187,450
    0% ( $450 ) vs Sep 2015
  • Median Sales Price
    $198,000
    4% ( $8,000 ) vs Sep 2015
  • Median Foreclosure Sales Price
    $83,500
    0% ( $0 ) vs Sep 2015
  • Foreclosures 258
    Homes for Sale 44
    Recently Sold 46

Market Summary

There are currently 258 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 October, the number of properties that received a foreclosure filing in Melrose Park, IL was 43% higher than the previous month and 61% higher than the same time last year.

Home sales for September 2016 were down 100% compared with the previous month, and down 100% compared with a year ago. The median sales price of a non-distressed home was $198,000. The median sales price of a foreclosure home was $83,500, or 58% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$83,500 (Median Foreclosure Sales Price) $83,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $111,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $198,000 (Median Sales Price) $190,000 (Median Sales Price) $165,000 (Median Sales Price) $155,000 (Median Sales Price) $150,000 (Median Sales Price) $150,000 (Median Sales Price) $83,500 (Median Foreclosure Sales Price) $83,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $111,000 (Median Foreclosure Sales Price) $105,500 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $198,000 (Median Sales Price) $190,000 (Median Sales Price) $165,000 (Median Sales Price) $155,000 (Median Sales Price) $150,000 (Median Sales Price) $150,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
44
94.9
% (y-o-y)
$250,000
16.1
% (y-o-y)
68.0%
53.0
% (y-o-y)
Elmhurst
13
333.3
% (y-o-y)
$382,750
0.0
% (y-o-y)
Data not available
Bensenville
8
100.0
% (y-o-y)
$198,500
0.0
% (y-o-y)
27.2%
0.0
% (y-o-y)
Hinsdale
4
0.0
% (y-o-y)
$872,000
0.0
% (y-o-y)
Data not available
Maywood
3
80.0
% (y-o-y)
$84,000
0.0
% (y-o-y)
25.0%
0.0
% (y-o-y)
Bellwood
3
87.0
% (y-o-y)
$125,000
0.0
% (y-o-y)
41.8%
0.0
% (y-o-y)
Elmwood Park
2
89.5
% (y-o-y)
$271,500
0.0
% (y-o-y)
Data not available
Franklin Park
1
80.0
% (y-o-y)
$170,000
0.0
% (y-o-y)
11.8%
0.0
% (y-o-y)
River Grove
1
75.0
% (y-o-y)
$223,250
0.0
% (y-o-y)
Data not available
Broadview
1
85.7
% (y-o-y)
$155,000
0.0
% (y-o-y)
Data not available

Local Info For Melrose Park

Population:
24,725
Cost of Living Index: 110.80
Crime Index: 114.04     Rating: B- View crime details
Schools: 12    Average School Rating: C View individual school rating
Household Median Income: $43,478
Unemployment: 5.30%
Percentage of vacant homes: 10.92%

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