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 5.87 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 49 days. It took on average 30 days to sell Melrose Park Condo, Townhouse or a Duplex.
The number of home sales in Melrose Park from June 1, 2019 through June 30, 2019 was 18 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 1% an increase from last month.


In Melrose Park there were 2 units sold in June in the price range between $70,000 – $133,208 with an average of 4.5 bedrooms and 2 bathrooms and average Square footage of 2,128SF.

In Melrose Park there were 9 units sold in June in the price range between $133,209 – $227,707 with an average of 2.7 bedrooms and 1.5 bathrooms and average Square footage of 1,875SF.

In Melrose Park there were 7 units sold in June in the price range between $227,708 – $259,000 with an average of 3.4 bedrooms and 2 bathrooms and average Square footage of 1,811SF.

The middle price range had the most activity. Homes up to $227,707 were on the market on average 31 days and sold an average of $187,977.

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
May 1, 2019 – May 31, 2019
Jun 1, 2019 – Jun 30, 2019
Month
May
June
Average Listing Price
$238,490
$232,884
Median Sales Price
$203,299
$196,416
Month supply of inventory
5.5
5.9
Market Time Detached
39 days
49 days
Market Time Attached
6 days
30 days
Inventory
93 properties
99 properties
Low price range
$69,000 – $136,150
$70,000 – $133,208
Low price range market time
29 days
107 days
Low price range units sold
0
2
Low price range bedrooms
3.5
4.5
Low price range bathrooms
1.5
2
Low price range approx sqft
1,023 SF
2,128 SF
Mid price range
$136,151 – $251,649
$133,209 – $227,707
Mid price range market time
31 days
31 days
Mid price range units sold
11
9
Mid price range bedrooms
3.2
2.7
Mid price range bathrooms
1.7
1.5
Mid price range approx sqft
1,411 SF
1,875 SF
High price range
$251,650 – $300,000
$227,708 – $259,000
High price range market time
43 days
55 days
High price range units sold
3
7
High price range bedrooms
4
3.4
High price range bathrooms
1.7
2
High price range approxsqft
1,634 SF
1,811 SF