Sales Decline in Melrose Park Real Estate Market

The Melrose Park market slowed this week but was still better than normal as sales dropped 14.3% to 12 homes sold over the last 30 days. On the other hand, close-by Chicago registered 2,488 homes sold in the same time frame, the most of all surrounding cities. Months of inventory were further reduced to four, extending a downward trend to four weeks.

Want a home with a large living space in Melrose Park? Start your search with these listings that provide the most in the area:

$337K   $116K   $245K  

Get started right now by checking out Melrose Park homes for sale or reviewing Melrose Park real estate trends.

Demographic facts for Melrose Park:

  • The median age of all homes in the area is 52 years old.
  • The area gets an average of 23.5 inches of snow each year. (U.S. average: 25)
  • The rating in which jobs are expected to grow is 45. (Scale: 1 = Worst, 100 = Best)
  • The average school expenditure per student is $4,639. ($5,691 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
RE/MAX All Pro
Snapped 1 home in this area
RE/MAX Professionals Select
Snapped 2 homes in this area

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