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City / Town Overview

Melrose Park, IL

Aggregate real estate market report across all ZIPs in scope
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Melrose Park, IL real estate market currently shows 53 active listings, with 26 pending sales. Homes are averaging 29.1 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 29.1 days on market compared to 40.4 days last year.

The median listing price has risen 7.1% year-over-year, from $348,388 to $373,058.

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Market Context

Market Context

Population: 46,548  ·  Density: 1,926.4/mi²  ·  Median household income: $67,682

Typical home value: $236,913  ·  Homeownership: 63.3%

Included Areas

Melrose Park: 60160, 60161, 60164

Area Map

Market Overview

Active Listings
53
⇩ 11.7% vs 60 last year
Pending
26
49% pending ratio
Median Price
$373,058
⇧ 7.1% vs $348,388 last year
Average Price
$356,890
⇧ 3.7% vs $344,174 last year
Days on Market
29.1
⇩ 28% vs 40 days last year

Price Per Square Foot

Median $/sqft
$220
⇩ 0.9% vs $222/sqft last year
Median Home Size
1,658 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %