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 5.28 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 38 days. It took on average 15 days to sell Melrose Park Condo, Townhouse or a Duplex.
The number of home sales in Melrose Park from September 1, 2019 through September 30, 2019 was 17 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 $127/Sq.Ft, which is 8% an increase from last month.


In Melrose Park there were 3 units sold in September in the price range between $128,000 – $173,656 with an average of 3.3 bedrooms and 2.3 bathrooms and average Square footage of 1,153SF.

In Melrose Park there were 9 units sold in September in the price range between $173,657 – $248,155 with an average of 3.1 bedrooms and 1.6 bathrooms and average Square footage of 1,448SF.

In Melrose Park there were 5 units sold in September in the price range between $248,156 – $277,000 with an average of 3.2 bedrooms and 1.8 bathrooms and average Square footage of 1,580SF.

The middle price range had the most activity. Homes up to $248,155 were on the market on average 33 days and sold an average of $221,033.

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
Aug 1, 2019 – Aug 31, 2019
Sep 1, 2019 – Sep 30, 2019
Month
August
September
Average Listing Price
$238,873
$237,421
Median Sales Price
$200,540
$219,311
Month supply of inventory
5.5
5.3
Market Time Detached
28 days
38 days
Market Time Attached
45 days
15 days
Inventory
91 properties
88 properties
Low price range
$96,075 – $148,308
$128,000 – $173,656
Low price range market time
54 days
42 days
Low price range units sold
0
3
Low price range bedrooms
2.5
3.3
Low price range bathrooms
1
2.3
Low price range approx sqft
941 SF
1,153 SF
Mid price range
$148,309 – $254,769
$173,657 – $248,155
Mid price range market time
23 days
33 days
Mid price range units sold
15
9
Mid price range bedrooms
2.9
3.1
Mid price range bathrooms
1.8
1.6
Mid price range approx sqft
1,444 SF
1,448 SF
High price range
$254,770 – $309,000
$248,156 – $277,000
High price range market time
71 days
38 days
High price range units sold
2
5
High price range bedrooms
3
3.2
High price range bathrooms
2.1
1.8
High price range approxsqft
1,909 SF
1,580 SF