Altos Market Data for Realtors

Melrose Park, IL

Single-Family Homes

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Melrose Park, IL

Sat Jul 05 2025
This week the median list price for Melrose Park, IL is $350,000 with the market action index hovering around 94. This is less than last month's market action index of 100. Inventory has held steady at or around 19. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Melrose Park, IL

Sat Jul 05 2025
This week the median list price for Melrose Park, IL is $350,000 with the market action index hovering around 94. This is less than last month's market action index of 100. Inventory has held steady at or around 19. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Melrose Park market.
Median List Price $350,000
Median Price of New Listings $364,900
Per Square Foot $254
Average Days on Market 47
Median Days on Market 21
Price Decreased 32%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent
Market Action 94
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$475,000 1,918 0 - 4,500 sqft 5 2.5 68 1 0 28
$399,000 1,716 6,500 - 8,000 sqft 4 2 72 1 4 42
$319,500 1,018 - 3 1 70 1 1 7
$247,500 1,301 0 - 4,500 sqft 3 1 75 0 1 28