Real Estate In Melrose Park is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.72 months supply of inventory on the market in Melrose Park on December 31, 1969.
Now is the Time to Sell! The average market time for a Single Family Homes to sell in Melrose Park last month was 47 days.
The number of home sales in Melrose Park from October 1, 2019 through October 31, 2019 was 11 units. That is 1% above the number of homes sold last month in Melrose Park.
The average price per square foot in the area is now $119/Sq.Ft, which is 7% a decline from last month.


In Melrose Park there were 3 units sold in October in the price range between $115,000 – $159,839 with an average of 2 bedrooms and 1 bathrooms and average Square footage of 900SF.

In Melrose Park there were 6 units sold in October in the price range between $159,840 – $267,338 with an average of 3 bedrooms and 1.7 bathrooms and average Square footage of 1,544SF.

In Melrose Park there were 2 units sold in October in the price range between $267,339 – $330,000 with an average of 4 bedrooms and 2.1 bathrooms and average Square footage of 1,512SF.

The low price range had the most activity. Homes up to $159,839 were on the market on average 39 days and sold an average of $131,000.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Melrose Park. Search all Melrose Park homes for Sale on propertyup.com If you are considering viewing Melrose Park, you may want to do so now!

Melrose Park
Sep 1, 2019 – Sep 30, 2019
Oct 1, 2019 – Oct 31, 2019
Month
September
October
Average Listing Price
$237,421
$234,358
Median Sales Price
$219,311
$204,677
Month supply of inventory
5.3
5.7
Market Time Detached
38 days
47 days
Market Time Attached
15 days
0 days
Inventory
88 properties
100 properties
Low price range
$128,000 – $173,656
$115,000 – $159,839
Low price range market time
42 days
39 days
Low price range units sold
0
3
Low price range bedrooms
3.3
2
Low price range bathrooms
2.3
1
Low price range approx sqft
1,153 SF
900 SF
Mid price range
$173,657 – $248,155
$159,840 – $267,338
Mid price range market time
33 days
59 days
Mid price range units sold
9
6
Mid price range bedrooms
3.1
3
Mid price range bathrooms
1.6
1.7
Mid price range approx sqft
1,448 SF
1,544 SF
High price range
$248,156 – $277,000
$267,339 – $330,000
High price range market time
38 days
23 days
High price range units sold
5
2
High price range bedrooms
3.2
4
High price range bathrooms
1.8
2.1
High price range approxsqft
1,580 SF
1,512 SF