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City / Town Overview

Melrose Park, IL

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

Market Analysis

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

The Melrose Park, IL real estate market currently shows 49 active listings, with 30 pending sales. Homes are averaging 28.7 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 28.7 days on market compared to 38.9 days last year.

The median listing price has risen 2.5% year-over-year, from $351,494 to $360,430.

Whether you are buying or selling in Melrose Park, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
49
⇩ 22.2% vs 63 last year
Pending
30
61% pending ratio
Median Price
$360,430
⇧ 2.5% vs $351,494 last year
Average Price
$347,440
⇧ 1.7% vs $341,579 last year
Days on Market
28.7
⇩ 26.2% vs 39 days last year

Price Per Square Foot

Median $/sqft
$240
⇧ 14.9% vs $209/sqft last year
Median Home Size
1,557 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 %