Melrose Park, IL Real Estate Market Summary – September 7, 2026
In Melrose Park, IL, the overall real estate market shows that 11 homes were sold in the last 30 days, with an average sale price of $394,400. Homes had an average living area of 1,770 square feet and spent about 18 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 11 |
| Sold Per Day | 1 every 2.73 days |
| Average SQFT | 1770 |
| Median Sales Price | $429,900 |
| Average Sales Price | $394,400 |
| Average Price Per SQFT | $232 |
| Average Days on Market | 18 |
| Average Year Built | 1954 |
Melrose Park, IL Single Family Home Analysis
In the single-family segment, 8 homes were sold, averaging $425,488 in sale price. These homes typically had an average living area of 1,912 square feet and were on the market for approximately 19 days before being purchased.
| Metric | 30 Days |
|---|---|
| Number Sold | 8 |
| Sold Per Day | 1 every 3.75 days |
| Average SQFT | 1912 |
| Median Sales Price | $429,950 |
| Average Sales Price | $425,488 |
| Average Price Per SQFT | $237 |
| Average Days on Market | 19 |
| Average Year Built | 1953 |
Melrose Park, IL Condo & Townhome Analysis
The condo and townhome segment saw 1 home sold, with an average sale price of $227,000. This property had a living area of 1,006 square feet and was listed for sale for about 30 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 1006 |
| Median Sales Price | $227,000 |
| Average Sales Price | $227,000 |
| Average Price Per SQFT | $226 |
| Average Days on Market | not provided |
| Average Year Built | 2007 |
Buyer & Seller Analysis
- Average sale price across all segments is $394,400.
- Average days on market for all homes is 18 days.
- The single-family average price per square foot is $237.
- High average living area in the single-family segment at 1,912 square feet.
Conclusion
Overall, Melrose Park’s real estate market was characterized by a steady pace of home sales, particularly in the single-family category. The pricing trends indicate a consistent demand for residential properties.