Melrose Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $170,839
    5% ( $8,662 ) vs Jan 2016
  • Median Sales Price
    $192,500
    2% ( $4,000 ) vs Jan 2016
  • Median Foreclosure Sales Price
    $135,000
    6% ( $7,750 ) vs Jan 2016
  • Foreclosures 254
    Homes for Sale 38
    Recently Sold 72

Market Summary

There are currently 254 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 38.

In February, the number of properties that received a foreclosure filing in Melrose Park, IL was 88% higher than the previous month and 30% lower than the same time last year.

Home sales for January 2017 were down 25% compared with the previous month, and down 71% compared with a year ago. The median sales price of a non-distressed home was $192,500. The median sales price of a foreclosure home was $135,000, or 30% lower than non-distressed home sales.

Sales Prices - Melrose Park, IL




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$135,000 (Median Foreclosure Sales Price) $127,250 (Median Foreclosure Sales Price) $131,000 (Median Foreclosure Sales Price) $121,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $83,500 (Median Foreclosure Sales Price) $192,500 (Median Sales Price) $188,500 (Median Sales Price) $174,000 (Median Sales Price) $174,000 (Median Sales Price) $180,000 (Median Sales Price) $185,000 (Median Sales Price) $135,000 (Median Foreclosure Sales Price) $127,250 (Median Foreclosure Sales Price) $131,000 (Median Foreclosure Sales Price) $121,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $83,500 (Median Foreclosure Sales Price) $192,500 (Median Sales Price) $188,500 (Median Sales Price) $174,000 (Median Sales Price) $174,000 (Median Sales Price) $180,000 (Median Sales Price) $185,000 (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
666
66.9
% (y-o-y)
$180,000
26.5
% (y-o-y)
63.9%
60.0
% (y-o-y)
Maywood
22
15.4
% (y-o-y)
$120,000
0.0
% (y-o-y)
47.9%
62.5
% (y-o-y)
Broadview
10
28.6
% (y-o-y)
$105,000
25.7
% (y-o-y)
Data not available
Elmhurst
7
82.1
% (y-o-y)
$416,500
33.9
% (y-o-y)
5.8%
57.6
% (y-o-y)
Elmwood Park
7
77.4
% (y-o-y)
$289,000
24.6
% (y-o-y)
37.1%
23.2
% (y-o-y)
Franklin Park
7
53.3
% (y-o-y)
$157,500
7.5
% (y-o-y)
17.2%
35.8
% (y-o-y)
Bellwood
5
83.9
% (y-o-y)
$137,000
18.1
% (y-o-y)
42.4%
44.8
% (y-o-y)
Forest Park
5
68.8
% (y-o-y)
$315,000
98.7
% (y-o-y)
Data not available
Westchester
5
64.3
% (y-o-y)
$230,000
25.7
% (y-o-y)
Data not available
Hinsdale
4
81.0
% (y-o-y)
$525,000
27.3
% (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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