Melrose Park, IL
Housing market overview · Updated weekly
$421,500median sale price
Homes sold
8
Last 12 weeks
Days on market
94
Average pace
Active listings
27
3.4 months supply
Sale-to-list
100.1%
Above asking
The Melrose Park housing market is currently classified as a balanced market with a median sale price of $421,500. Prices have risen 22.9% compared to last year, with homes spending an average of 94 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Melrose Park
There are currently 27 homes listed for sale in Melrose Park, Illinois. The median listing price is $405K.
Active listings
27
Homes on market
Median list price
$405K
Avg. days on market
94
Days until sale
New this week
8
Newly listed
Explore nearby cities in IL
Frequently asked questions
What is the average home price in Melrose Park?
The median home sale price in Melrose Park is $421,500, up 22.9% from last year.
How long do homes stay on market in Melrose Park?
Homes typically spend 94 days on market before going under contract.
Is Melrose Park a buyer's or seller's market?
With 3.4 months of supply, Melrose Park is currently a balanced market.
Get Melrose Park market alerts
Weekly updates on prices, inventory, and trends. Free forever.