Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $139,900
    6% ( $8,000 ) vs May 2013
  • Median Sales Price
    $129,500
    13% ( $14,500 ) vs May 2013
  • Median Foreclosure Sales Price
    $94,000
    2% ( $2,000 ) vs May 2013
  • Foreclosures 447
    Homes for Sale 82
    Recently Sold 428

Market Summary

There are currently 447 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 82.

In June, the number of properties that received a foreclosure filing in Melrose Park, IL was 5% higher than the previous month and 54% lower than the same time last year.

Home sales for May 2014 were up 20% compared with the previous month, and up 6% compared with a year ago. The median sales price of a non-distressed home was $129,500. The median sales price of a foreclosure home was $94,000, or 27% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$94,000 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,500 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $129,500 (Median Sales Price) $115,000 (Median Sales Price) $125,000 (Median Sales Price) $129,000 (Median Sales Price) $132,000 (Median Sales Price) $130,000 (Median Sales Price) $94,000 (Median Foreclosure Sales Price) $92,000 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $90,500 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $129,500 (Median Sales Price) $115,000 (Median Sales Price) $125,000 (Median Sales Price) $129,000 (Median Sales Price) $132,000 (Median Sales Price) $130,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,647
16.7
% (y-o-y)
$277,000
13.5
% (y-o-y)
65.7%
68.0
% (y-o-y)
Oak Park
79
27.5
% (y-o-y)
$328,750
1.3
% (y-o-y)
48.1%
55.9
% (y-o-y)
Elmhurst
75
2.7
% (y-o-y)
$345,000
0.5
% (y-o-y)
37.4%
42.3
% (y-o-y)
Elmwood Park
46
39.5
% (y-o-y)
$188,000
24.7
% (y-o-y)
46.3%
18.1
% (y-o-y)
Franklin Park
32
5.9
% (y-o-y)
$160,000
18.5
% (y-o-y)
40.6%
29.6
% (y-o-y)
Hinsdale
32
13.5
% (y-o-y)
$550,000
25.5
% (y-o-y)
Data not available
Maywood
32
45.5
% (y-o-y)
$70,000
29.6
% (y-o-y)
49.3%
35.2
% (y-o-y)
Westchester
27
18.2
% (y-o-y)
$200,000
11.1
% (y-o-y)
43.1%
23.1
% (y-o-y)
Forest Park
26
10.3
% (y-o-y)
$198,250
27.9
% (y-o-y)
67.2%
41.0
% (y-o-y)
Bensenville
19
38.7
% (y-o-y)
$180,000
13.2
% (y-o-y)
27.5%
32.7
% (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: 7.80%
Percentage of vacant homes: 10.92%