Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $140,950
    1% ( $1,050 ) vs Jan 2014
  • Median Sales Price
    $135,000
    0% ( $0 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $125,000
    6% ( $7,500 ) vs Jan 2014
  • Foreclosures 375
    Homes for Sale 57
    Recently Sold 273

Market Summary

There are currently 375 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 57.

In February, the number of properties that received a foreclosure filing in Melrose Park, IL was 33% lower than the previous month and 17% lower than the same time last year.

Home sales for January 2015 were down 15% compared with the previous month, and down 27% 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 $125,000, or 7% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$125,000 (Median Foreclosure Sales Price) $117,500 (Median Foreclosure Sales Price) $110,000 (Median Foreclosure Sales Price) $100,250 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $140,000 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $130,000 (Median 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) $89,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $140,000 (Median Sales Price) $135,000 (Median Sales Price) $135,000 (Median Sales Price) $130,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,251
31.0
% (y-o-y)
$248,000
1.4
% (y-o-y)
62.7%
66.1
% (y-o-y)
Oak Park
39
40.9
% (y-o-y)
$307,500
6.6
% (y-o-y)
62.9%
40.6
% (y-o-y)
Elmhurst
37
39.3
% (y-o-y)
$334,500
11.5
% (y-o-y)
Data not available
Elmwood Park
32
25.6
% (y-o-y)
$175,000
5.6
% (y-o-y)
14.3%
12.5
% (y-o-y)
Maywood
22
24.1
% (y-o-y)
$89,000
17.1
% (y-o-y)
54.4%
44.7
% (y-o-y)
Westchester
19
24.0
% (y-o-y)
$189,000
0.5
% (y-o-y)
25.9%
43.9
% (y-o-y)
Franklin Park
19
24.0
% (y-o-y)
$142,500
2.2
% (y-o-y)
21.4%
9.4
% (y-o-y)
Bellwood
17
56.4
% (y-o-y)
$127,000
44.3
% (y-o-y)
60.6%
30.7
% (y-o-y)
Hinsdale
16
36.0
% (y-o-y)
$782,500
15.2
% (y-o-y)
Data not available
Hillside
13
18.2
% (y-o-y)
$145,000
13.3
% (y-o-y)
42.0%
41.4
% (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: 5.30%
Percentage of vacant homes: 10.92%