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Melrose Park, IL Real Estate & Property Data

Melrose Park Real Estate Market Trends
Last Updated: September 25, 2023

Accurate and comprehensive real estate data is critical for insight into Melrose Park, IL. ATTOM’s Melrose Park real estate data is updated daily, and current market trends show that in Melrose Park, IL a total of 324 residential properties have sold over the past year. With a median home price of $297,500 in Melrose Park and a total of 8 foreclosures. Get detailed property data for Melrose Park, IL instantly. ATTOM is your one-stop-shop for the Melrose Park property reports and real estate data you need in Melrose Park, IL.

Melrose Park Real Estate Market Trends
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 9,802
Total Commercial Properties 949
Avg. Home Age (Single Family Home) 72 Years
Avg. Square Feet (Single Family Home) 1,409
Total 2023 Residential Sales (year-to-date) 169
% of Homes Seriously Underwater (Q3 2023) 0.83%
Total 2022 Residential Sales 412
% of Equity Rich Homes (Q3 2023) 43.28%
Effective 2022 Property Tax 1.56%
Total Foreclosure Filings (year-to-date) 42
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Melrose Park, IL Real Estate Overview

There were 324 residential properties sold in the past year in Melrose Park, IL. The median home value in Melrose Park, IL is $284,260. There are a total of 9,802 residential properties in the Melrose Park.

Median Sales Price i
$297,500
(Jul 2023)
+4.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 $297,500
  • June '23 Jun '23 $320,000
  • May '23 May '23 $260,000
  • April '23 Apr '23 $269,750
  • March '23 Mar '23 $285,000
  • February '23 Feb '23 $292,000
  • January '23 Jan '23 $265,000
  • December '22 Dec '22 $278,250
  • November '22 Nov '22 $250,000
  • October '22 Oct '22 $255,000
  • September '22 Sep '22 $315,000
  • August '22 Aug '22 $285,000
Median Down Payment i
$6,612
(Jul 2023)
-31.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 $6,612
  • June '23 Jun '23 $7,532
  • May '23 May '23 $7,500
  • April '23 Apr '23 $11,687
  • March '23 Mar '23 $22,000
  • February '23 Feb '23 $12,937
  • January '23 Jan '23 $11,250
  • December '22 Dec '22 $16,750
  • November '22 Nov '22 $7,918
  • October '22 Oct '22 $13,095
  • September '22 Sep '22 $8,250
  • August '22 Aug '22 $15,899
Number of Homes Sold i
33
(Jul 2023)
+22.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 33
  • June '23 Jun '23 18
  • May '23 May '23 16
  • April '23 Apr '23 37
  • March '23 Mar '23 26
  • February '23 Feb '23 22
  • January '23 Jan '23 17
  • December '22 Dec '22 15
  • November '22 Nov '22 23
  • October '22 Oct '22 21
  • September '22 Sep '22 33
  • August '22 Aug '22 36
Number of Purchase Loans i
27
(Jul 2023)
+8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 27
  • June '23 Jun '23 18
  • May '23 May '23 14
  • April '23 Apr '23 30
  • March '23 Mar '23 20
  • February '23 Feb '23 17
  • January '23 Jan '23 19
  • December '22 Dec '22 17
  • November '22 Nov '22 21
  • October '22 Oct '22 25
  • September '22 Sep '22 36
  • August '22 Aug '22 36
Number of REFI Loans i
8
(Jul 2023)
-42.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 8
  • June '23 Jun '23 14
  • May '23 May '23 10
  • April '23 Apr '23 15
  • March '23 Mar '23 7
  • February '23 Feb '23 6
  • January '23 Jan '23 8
  • December '22 Dec '22 10
  • November '22 Nov '22 12
  • October '22 Oct '22 11
  • September '22 Sep '22 13
  • August '22 Aug '22 18
Number of HELOC Loans i
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 N/A
  • June '23 Jun '23 5
  • May '23 May '23 8
  • April '23 Apr '23 6
  • March '23 Mar '23 7
  • February '23 Feb '23 2
  • January '23 Jan '23 3
  • December '22 Dec '22 5
  • November '22 Nov '22 5
  • October '22 Oct '22 9
  • September '22 Sep '22 9
  • August '22 Aug '22 6

Melrose Park, IL Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Melrose Park, IL Foreclosure Activity

There were a total of 8 Melrose Park, IL properties with a foreclosure filing in July 2023. Lenders started the foreclosure process on 6 Melrose Park, IL properties and repossessed 2 Melrose Park, IL properties through completed foreclosures (REOs) in July 2023.

Total Foreclosure Filings i
8
(Jul 2023)
+14.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 8
  • June '23 Jun '23 3
  • May '23 May '23 4
  • April '23 Apr '23 8
  • March '23 Mar '23 8
  • February '23 Feb '23 5
  • January '23 Jan '23 6
  • December '22 Dec '22 9
  • November '22 Nov '22 7
  • October '22 Oct '22 7
  • September '22 Sep '22 12
  • August '22 Aug '22 8
Foreclosure Starts i
6
(Jul 2023)
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 6
  • June '23 Jun '23 3
  • May '23 May '23 3
  • April '23 Apr '23 5
  • March '23 Mar '23 5
  • February '23 Feb '23 3
  • January '23 Jan '23 4
  • December '22 Dec '22 5
  • November '22 Nov '22 5
  • October '22 Oct '22 5
  • September '22 Sep '22 11
  • August '22 Aug '22 6
Completed Foreclosures (REOs) i
2
(Jul 2023)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • July '23 Jul '23 2
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 1
  • March '23 Mar '23 4
  • February '23 Feb '23 N/A
  • January '23 Jan '23 N/A
  • December '22 Dec '22 N/A
  • November '22 Nov '22 N/A
  • October '22 Oct '22 1
  • September '22 Sep '22 1
  • August '22 Aug '22 1
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