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 5.54 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 45 days to sell Melrose Park Condo, Townhouse or a Duplex.
The number of home sales in Melrose Park from August 1, 2019 through August 31, 2019 was 19 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 1% a decline from last month.


In Melrose Park there were 2 units sold in August in the price range between $96,075 – $148,308 with an average of 2.5 bedrooms and 1 bathrooms and average Square footage of 941SF.

In Melrose Park there were 15 units sold in August in the price range between $148,309 – $254,769 with an average of 2.9 bedrooms and 1.8 bathrooms and average Square footage of 1,444SF.

In Melrose Park there were 2 units sold in August in the price range between $254,770 – $309,000 with an average of 3 bedrooms and 2.1 bathrooms and average Square footage of 1,909SF.

The middle price range had the most activity. Homes up to $254,769 were on the market on average 23 days and sold an average of $201,146.

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
Jul 1, 2019 – Jul 31, 2019
Aug 1, 2019 – Aug 31, 2019
Month
July
August
Average Listing Price
$234,598
$238,873
Median Sales Price
$195,870
$200,540
Month supply of inventory
6.1
5.5
Market Time Detached
28 days
28 days
Market Time Attached
5 days
45 days
Inventory
100 properties
91 properties
Low price range
$90,000 – $142,935
$96,075 – $148,308
Low price range market time
8 days
54 days
Low price range units sold
0
2
Low price range bedrooms
3
2.5
Low price range bathrooms
1.5
1
Low price range approx sqft
1,502 SF
941 SF
Mid price range
$142,936 – $257,934
$148,309 – $254,769
Mid price range market time
37 days
23 days
Mid price range units sold
9
15
Mid price range bedrooms
3.6
2.9
Mid price range bathrooms
1.8
1.8
Mid price range approx sqft
1,428 SF
1,444 SF
High price range
$257,935 – $320,000
$254,770 – $309,000
High price range market time
8 days
71 days
High price range units sold
3
2
High price range bedrooms
3.3
3
High price range bathrooms
2.3
2.1
High price range approxsqft
1,959 SF
1,909 SF