Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $124,900
    4% ( $4,900 ) vs Feb 2013
  • Median Sales Price
    $129,000
    2% ( $3,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $90,500
    7% ( $7,000 ) vs Feb 2013
  • Foreclosures 508
    Homes for Sale 68
    Recently Sold 559

Market Summary

There are currently 508 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 68.

In March, the number of properties that received a foreclosure filing in Melrose Park, IL was 51% higher than the previous month and 22% lower than the same time last year.

Home sales for February 2014 were down 7% compared with the previous month, and up 47% compared with a year ago. The median sales price of a non-distressed home was $129,000. The median sales price of a foreclosure home was $90,500, or 30% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




Add this chart to your website.

$90,500 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $129,000 (Median Sales Price) $132,000 (Median Sales Price) $130,000 (Median Sales Price) $126,000 (Median Sales Price) $126,750 (Median Sales Price) $126,000 (Median Sales Price) $90,500 (Median Foreclosure Sales Price) $97,500 (Median Foreclosure Sales Price) $105,000 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $95,000 (Median Foreclosure Sales Price) $129,000 (Median Sales Price) $132,000 (Median Sales Price) $130,000 (Median Sales Price) $126,000 (Median Sales Price) $126,750 (Median Sales Price) $126,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac can supply you with this data through reports or a data license. Contact us now!

Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,553
10.1
% (y-o-y)
$250,000
16.0
% (y-o-y)
64.6%
63.8
% (y-o-y)
Oak Park
48
15.8
% (y-o-y)
$292,000
0.7
% (y-o-y)
33.7%
47.2
% (y-o-y)
Bellwood
40
110.5
% (y-o-y)
$85,000
14.5
% (y-o-y)
34.7%
41.8
% (y-o-y)
Elmhurst
36
12.2
% (y-o-y)
$293,000
6.5
% (y-o-y)
26.6%
0.0
% (y-o-y)
Elmwood Park
36
47.8
% (y-o-y)
$162,000
12.5
% (y-o-y)
10.5%
20.1
% (y-o-y)
Hinsdale
29
52.6
% (y-o-y)
$642,500
13.2
% (y-o-y)
Data not available
Maywood
27
12.5
% (y-o-y)
$91,000
124.7
% (y-o-y)
59.1%
30.9
% (y-o-y)
Westchester
23
15.0
% (y-o-y)
$193,000
19.9
% (y-o-y)
44.8%
22.4
% (y-o-y)
River Forest
16
23.1
% (y-o-y)
$567,500
25.4
% (y-o-y)
Data not available
Bensenville
14
50.0
% (y-o-y)
$180,000
20.0
% (y-o-y)
20.8%
36.7
% (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: 8.40%
Percentage of vacant homes: 10.92%