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 5.45 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 39 days. It took on average 6 days to sell Melrose Park Condo, Townhouse or a Duplex.
The number of home sales in Melrose Park from May 1, 2019 through May 31, 2019 was 16 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 $118/Sq.Ft, which is 5% a decline from last month.


In Melrose Park there were 2 units sold in May in the price range between $69,000 – $136,150 with an average of 3.5 bedrooms and 1.5 bathrooms and average Square footage of 1,023SF.

In Melrose Park there were 11 units sold in May in the price range between $136,151 – $251,649 with an average of 3.2 bedrooms and 1.7 bathrooms and average Square footage of 1,411SF.

In Melrose Park there were 3 units sold in May in the price range between $251,650 – $300,000 with an average of 4 bedrooms and 1.7 bathrooms and average Square footage of 1,634SF.

The middle price range had the most activity. Homes up to $251,649 were on the market on average 31 days and sold an average of $202,890.

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
Apr 1, 2019 – Apr 30, 2019
May 1, 2019 – May 31, 2019
Month
April
May
Average Listing Price
$228,201
$238,490
Median Sales Price
$209,538
$203,299
Month supply of inventory
5.3
5.5
Market Time Detached
54 days
39 days
Market Time Attached
22 days
6 days
Inventory
95 properties
93 properties
Low price range
$160,000 – $184,769
$69,000 – $136,150
Low price range market time
53 days
29 days
Low price range units sold
0
2
Low price range bedrooms
2.7
3.5
Low price range bathrooms
1
1.5
Low price range approx sqft
1,068 SF
1,023 SF
Mid price range
$184,770 – $242,268
$136,151 – $251,649
Mid price range market time
61 days
31 days
Mid price range units sold
8
11
Mid price range bedrooms
3
3.2
Mid price range bathrooms
1.5
1.7
Mid price range approx sqft
1,215 SF
1,411 SF
High price range
$242,269 – $275,000
$251,650 – $300,000
High price range market time
14 days
43 days
High price range units sold
2
3
High price range bedrooms
3
4
High price range bathrooms
2.1
1.7
High price range approxsqft
1,866 SF
1,634 SF