Altos Market Data for Realtors
Melrose Park, IL 60160
Single-Family Homes
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Melrose Park, IL 60160
Sun Sep 15 2024
This week the median list price for Melrose Park, IL 60160 is $392,250 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has decreased to 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $392,250 | |
| Median Price of New Listings | $419,900 | |
| Per Square Foot | $208 | |
| Average Days on Market | 77 | |
| Median Days on Market | 25 | |
| Price Decreased | 75% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
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In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $419,900 | 1,918 | - | 3 | 3.5 | 68 | 1 | 0 | 0 |
| $409,500 | 2,200 | 0 - 4,500 sqft | 4 | 2.5 | 3 | 0 | 0 | 259 |
| $375,000 | 1,500 | 0 - 4,500 sqft | 4 | 2.5 | NaN | 0 | 0 | 28 |
| $179,900 | 900 | 0 - 4,500 sqft | 3 | 2 | 115 | 0 | 0 | 21 |