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Melrose Park, IL Real Estate & Property Data

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Melrose Park, IL. ATTOM’s Melrose Park real estate data is updated daily, and current market trends show that in Melrose Park, IL a total of 328 residential properties have sold over the past year. With a median home price of $343,500 in Melrose Park and a total of 11 foreclosures. Get detailed property data for Melrose Park, IL instantly. ATTOM is your one-stop-shop for the Melrose Park property reports and real estate data you need in Melrose Park, IL.

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Total Residential Properties 9,802

Total Commercial Properties 960

Avg. Home Age (Single Family Home) 74 Years

Avg. Square Feet (Single Family Home) 1,409

Total 2025 Residential Sales (year-to-date) 149

% of Homes Seriously Underwater (Q3 2025) 0.58%

Total 2024 Residential Sales 262

% of Equity Rich Homes (Q3 2025) 47.79%

Effective 2024 Property Tax 1.7%

Total Foreclosure Filings (year-to-date) 54

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Melrose Park, IL Real Estate Overview

There were 328 residential properties sold in the past year in Melrose Park, IL. The median home value in Melrose Park, IL is $326,497. There are a total of 9,802 residential properties in the Melrose Park.

Median Sales Price i

$343,500

(Jun 2025)

+16.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $343,500
May '25 May '25 $315,000
April '25 Apr '25 $355,000
March '25 Mar '25 $330,000
February '25 Feb '25 $297,000
January '25 Jan '25 $300,000
December '24 Dec '24 $329,000
November '24 Nov '24 $312,500
October '24 Oct '24 $335,000
September '24 Sep '24 $327,000
August '24 Aug '24 $345,000
July '24 Jul '24 $330,000

Median Down Payment i

$17,675

(Jun 2025)

-3.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $17,675
May '25 May '25 $22,950
April '25 Apr '25 $13,897
March '25 Mar '25 $15,250
February '25 Feb '25 $11,850
January '25 Jan '25 $8,392
December '24 Dec '24 $12,500
November '24 Nov '24 $13,845
October '24 Oct '24 $16,750
September '24 Sep '24 $11,590
August '24 Aug '24 $16,000
July '24 Jul '24 $15,750

Number of Homes Sold i

(Jun 2025)

+52.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 29
May '25 May '25 31
April '25 Apr '25 25
March '25 Mar '25 16
February '25 Feb '25 13
January '25 Jan '25 35
December '24 Dec '24 25
November '24 Nov '24 29
October '24 Oct '24 25
September '24 Sep '24 22
August '24 Aug '24 35
July '24 Jul '24 24

Number of Purchase Loans i

(Jun 2025)

+44.4%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 26
May '25 May '25 24
April '25 Apr '25 17
March '25 Mar '25 18
February '25 Feb '25 26
January '25 Jan '25 31
December '24 Dec '24 24
November '24 Nov '24 23
October '24 Oct '24 23
September '24 Sep '24 16
August '24 Aug '24 31
July '24 Jul '24 18

Number of REFI Loans i

(Jun 2025)

-9.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 19
May '25 May '25 14
April '25 Apr '25 16
March '25 Mar '25 23
February '25 Feb '25 18
January '25 Jan '25 21
December '24 Dec '24 26
November '24 Nov '24 15
October '24 Oct '24 27
September '24 Sep '24 24
August '24 Aug '24 20
July '24 Jul '24 17

Number of HELOC Loans i

(Jun 2025)

+25%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 10
May '25 May '25 7
April '25 Apr '25 12
March '25 Mar '25 4
February '25 Feb '25 3
January '25 Jan '25 4
December '24 Dec '24 6
November '24 Nov '24 13
October '24 Oct '24 6
September '24 Sep '24 6
August '24 Aug '24 8
July '24 Jul '24 5

Melrose Park, IL Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value

60160

$326,497 $231.73/sqft
60164

$320,155 $236.14/sqft

Melrose Park, IL Foreclosure Activity

There were a total of 11 Melrose Park, IL properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 10 Melrose Park, IL properties and repossessed 1 Melrose Park, IL properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

+10%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years