Altos Market Data for Realtors

Melrose Park, IL 60160

Single-Family Homes

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Melrose Park, IL 60160

Mon Oct 20 2025
This week the median list price for Melrose Park, IL 60160 is $387,450 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 14. Click here to stay informed with the Melrose Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Melrose Park, IL 60160

Mon Oct 20 2025
This week the median list price for Melrose Park, IL 60160 is $387,450 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 14. Click here to stay informed with the Melrose Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Melrose Park market.
Median List Price $387,450
Median Price of New Listings $395,000
Per Square Foot $216
Average Days on Market 62
Median Days on Market 46
Price Decreased 36%
Price Increased 0%
Relisted 21%
Inventory 14
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$456,950 2,182 0 - 4,500 sqft 4 2.8 68 0 1 129
$395,000 1,827 - 3 1.5 68 1 0 7
$362,900 1,833 - 3 2 72 0 1 38
$299,900 1,338 - 3 1.5 66 0 0 28