Real Estate In Melrose Park is a balanced market favoring buyers. There is significant amount of homes for sale in Melrose Park, and buyers are not in a rush to buy yet. There is a 6.1 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 28 days. It took on average 5 days to sell Melrose Park Condo, Townhouse or a Duplex.
The number of home sales in Melrose Park from July 1, 2019 through July 31, 2019 was 14 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 0% no change from last month.


In Melrose Park there were 2 units sold in July in the price range between $90,000 – $142,935 with an average of 3 bedrooms and 1.5 bathrooms and average Square footage of 1,502SF.

In Melrose Park there were 9 units sold in July in the price range between $142,936 – $257,934 with an average of 3.6 bedrooms and 1.8 bathrooms and average Square footage of 1,428SF.

In Melrose Park there were 3 units sold in July in the price range between $257,935 – $320,000 with an average of 3.3 bedrooms and 2.3 bathrooms and average Square footage of 1,959SF.

The middle price range had the most activity. Homes up to $257,934 were on the market on average 37 days and sold an average of $188,424.

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
Jun 1, 2019 – Jun 30, 2019
Jul 1, 2019 – Jul 31, 2019
Month
June
July
Average Listing Price
$232,884
$234,598
Median Sales Price
$196,416
$195,870
Month supply of inventory
5.9
6.1
Market Time Detached
49 days
28 days
Market Time Attached
30 days
5 days
Inventory
99 properties
100 properties
Low price range
$70,000 – $133,208
$90,000 – $142,935
Low price range market time
107 days
8 days
Low price range units sold
0
2
Low price range bedrooms
4.5
3
Low price range bathrooms
2
1.5
Low price range approx sqft
2,128 SF
1,502 SF
Mid price range
$133,209 – $227,707
$142,936 – $257,934
Mid price range market time
31 days
37 days
Mid price range units sold
9
9
Mid price range bedrooms
2.7
3.6
Mid price range bathrooms
1.5
1.8
Mid price range approx sqft
1,875 SF
1,428 SF
High price range
$227,708 – $259,000
$257,935 – $320,000
High price range market time
55 days
8 days
High price range units sold
7
3
High price range bedrooms
3.4
3.3
High price range bathrooms
2
2.3
High price range approxsqft
1,811 SF
1,959 SF