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City / Town Overview

Melrose Park, IL

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

Market Analysis

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

The Melrose Park, IL real estate market currently shows 48 active listings, with 30 pending sales. Homes are averaging 40.1 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 40.1 days on market compared to 28.2 days last year.

The median listing price has fallen 1.6% year-over-year, from $324,254 to $319,064.

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
48
⇩ 14.3% vs 56 last year
Pending
30
63% pending ratio
Median Price
$319,064
⇩ 1.6% vs $324,254 last year
Average Price
$323,378
⇧ 4.9% vs $308,171 last year
Days on Market
40.1
⇧ 42.2% vs 28 days last year

Price Per Square Foot

Median $/sqft
$241
⇧ 18.3% vs $204/sqft last year
Median Home Size
1,312 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 %