Altos Market Data for Realtors

Melrose Park, IL 60160

Single-Family Homes

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Melrose Park, IL 60160

Thu Aug 21 2025
This week the median list price for Melrose Park, IL 60160 is $374,949 with the market action index hovering around 48. This is less than last month's market action index of 56. Inventory has increased to 12. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Melrose Park, IL 60160

Thu Aug 21 2025
This week the median list price for Melrose Park, IL 60160 is $374,949 with the market action index hovering around 48. This is less than last month's market action index of 56. Inventory has increased to 12. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Melrose Park market.
Median List Price $374,949
Median Price of New Listings $345,900
Per Square Foot $233
Average Days on Market 46
Median Days on Market 35
Price Decreased 50%
Price Increased 0%
Relisted 8%
Inventory 12
Median Rent
Market Action 48
Strong Seller's Market

Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.

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
$474,900 2,164 - 4 2.5 69 0 1 56
$440,000 1,827 0 - 4,500 sqft 4 2 3 0 0 98
$348,000 1,670 - 3 1.5 73 1 1 21
$250,000 980 - 3 1.5 73 0 0 14