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 5.26 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 54 days. It took on average 22 days to sell Melrose Park Condo, Townhouse or a Duplex.
The number of home sales in Melrose Park from April 1, 2019 through April 30, 2019 was 13 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 $123/Sq.Ft, which is 17% an increase from last month.


In Melrose Park there were 3 units sold in April in the price range between $160,000 – $184,769 with an average of 2.7 bedrooms and 1 bathrooms and average Square footage of 1,068SF.

In Melrose Park there were 8 units sold in April in the price range between $184,770 – $242,268 with an average of 3 bedrooms and 1.5 bathrooms and average Square footage of 1,215SF.

In Melrose Park there were 2 units sold in April in the price range between $242,269 – $275,000 with an average of 3 bedrooms and 2.1 bathrooms and average Square footage of 1,866SF.

The low price range had the most activity. Homes up to $184,769 were on the market on average 53 days and sold an average of $173,500.

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
Mar 1, 2019 – Mar 31, 2019
Apr 1, 2019 – Apr 30, 2019
Month
March
April
Average Listing Price
$223,459
$228,201
Median Sales Price
$173,244
$209,538
Month supply of inventory
4.9
5.3
Market Time Detached
53 days
54 days
Market Time Attached
0 days
22 days
Inventory
94 properties
95 properties
Low price range
$60,000 – $116,622
$160,000 – $184,769
Low price range market time
27 days
53 days
Low price range units sold
0
3
Low price range bedrooms
2.7
2.7
Low price range bathrooms
1
1
Low price range approx sqft
1,035 SF
1,068 SF
Mid price range
$116,623 – $212,621
$184,770 – $242,268
Mid price range market time
85 days
61 days
Mid price range units sold
9
8
Mid price range bedrooms
3.1
3
Mid price range bathrooms
1.7
1.5
Mid price range approx sqft
1,469 SF
1,215 SF
High price range
$212,622 – $252,000
$242,269 – $275,000
High price range market time
12 days
14 days
High price range units sold
5
2
High price range bedrooms
3.2
3
High price range bathrooms
1.9
2.1
High price range approxsqft
1,428 SF
1,866 SF