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City / Town Overview

Melrose Park, IL

Aggregate real estate market report across all ZIPs in scope
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
45
⇩ 4.3% vs 47 last year
Pending
18
40% pending ratio
Median Price
$319,187
⇩ 3.3% vs $330,203 last year
Average Price
$309,859
⇩ 2.2% vs $316,852 last year
Days on Market
48.5
⇧ 0.4% vs 48 days last year

Market Analysis

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

The Melrose Park, IL real estate market currently shows 45 active listings, with 18 pending sales. Homes are averaging 48.5 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 48.5 days on market compared to 48.3 days last year.

The median listing price has fallen 3.3% year-over-year, from $330,203 to $319,187.

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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Included Areas

Melrose Park: 60160, 60161, 60164

Market Context

ZIP coverage: 3  ·  Population: 46,548  ·  Median household income: $67,682

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

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings