Altos Market Data for Realtors

Melrose Park, IL 60160

Single-Family Homes

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Melrose Park, IL 60160

Tue Jul 01 2025
This week the median list price for Melrose Park, IL 60160 is $449,950 with the market action index hovering around 67. This is less than last month's market action index of 77. Inventory has held steady at or around 8. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Melrose Park, IL 60160

Tue Jul 01 2025
This week the median list price for Melrose Park, IL 60160 is $449,950 with the market action index hovering around 67. This is less than last month's market action index of 77. Inventory has held steady at or around 8. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Melrose Park market.
Median List Price $449,950
Median Price of New Listings $419,950
Per Square Foot $271
Average Days on Market 34
Median Days on Market 25
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 67
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$537,000 2,041 4,500 - 6,500 sqft 4 2.8 70 0 1 17
$467,450 1,852 0 - 4,500 sqft 4 2.8 37 1 1 24
$402,450 1,376 0 - 4,500 sqft 4 2.3 52 1 1 52
$297,500 1,235 0 - 4,500 sqft 3 1.5 88 0 0 42