Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $213,000
    1% ( $1,950 ) vs May 2016
  • Median Sales Price
    $195,000
    22% ( $35,000 ) vs May 2016
  • Median Foreclosure Sales Price
    NO DATA
  • Foreclosures 227
    Homes for Sale 78
    Recently Sold 77

Market Summary

There are currently 227 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 78.

In June, the number of properties that received a foreclosure filing in Melrose Park, IL was 38% higher than the previous month and 19% lower than the same time last year.

Home sales for May 2017 were up 225% compared with the previous month, and up 30% compared with a year ago. The median sales price of a non-distressed home was $195,000. The median sales price of a foreclosure home was $0, or 0% higher than non-distressed home sales.

Sales Prices - Melrose Park, IL


  • Foreclosure Discount
    NOT AVAILABLE


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$0 (Median Foreclosure Sales Price) $182,000 (Median Foreclosure Sales Price) $142,000 (Median Foreclosure Sales Price) $141,000 (Median Foreclosure Sales Price) $135,000 (Median Foreclosure Sales Price) $127,250 (Median Foreclosure Sales Price) $195,000 (Median Sales Price) $160,000 (Median Sales Price) $164,500 (Median Sales Price) $181,500 (Median Sales Price) $190,000 (Median Sales Price) $188,500 (Median Sales Price) $0 (Median Foreclosure Sales Price) $182,000 (Median Foreclosure Sales Price) $142,000 (Median Foreclosure Sales Price) $141,000 (Median Foreclosure Sales Price) $135,000 (Median Foreclosure Sales Price) $127,250 (Median Foreclosure Sales Price) $195,000 (Median Sales Price) $160,000 (Median Sales Price) $164,500 (Median Sales Price) $181,500 (Median Sales Price) $190,000 (Median Sales Price) $188,500 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
610
28.1
% (y-o-y)
$190,000
26.4
% (y-o-y)
Data not available
Elmhurst
15
28.6
% (y-o-y)
$375,000
10.3
% (y-o-y)
Data not available
Elmwood Park
15
36.4
% (y-o-y)
$247,500
4.0
% (y-o-y)
Data not available
Oak Park
13
23.5
% (y-o-y)
$410,000
36.7
% (y-o-y)
Data not available
Westchester
11
15.4
% (y-o-y)
$237,000
5.3
% (y-o-y)
Data not available
Bellwood
10
0.0
% (y-o-y)
$148,000
16.5
% (y-o-y)
Data not available
Franklin Park
9
10.0
% (y-o-y)
$223,000
8.8
% (y-o-y)
Data not available
Broadview
9
25.0
% (y-o-y)
$159,500
2.9
% (y-o-y)
Data not available
Hinsdale
5
37.5
% (y-o-y)
$773,500
24.7
% (y-o-y)
Data not available
Bensenville
5
16.7
% (y-o-y)
$215,000
42.2
% (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: 6.40%
Percentage of vacant homes: 10.92%

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