Tue May 30 2023
This week the median list price for Melrose Park, IL is $299,999 with the market action index hovering around 74. This is an increase over last month's market action index of 73. Inventory has increased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$299,999|
|Median Price of New Listings||$289,900|
|Per Square Foot||$199|
|Average Days on Market||51|
|Median Days on Market||14|
|Strong Seller's Market|
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$414,497||1,944||6,500 - 8,000 sqft||3||2.5||66||2||0||14|
|$332,000||1,559||6,500 - 8,000 sqft||3||1.5||66||0||0||24|
|$289,900||1,325||8,000 - 10,000 sqft||3||2||68||2||1||7|
|$215,000||1,378||0.25 - 0.5 acre||3||1||80||1||1||28|