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Business Park North Maywood (N Maywood) West Village (W Village)

MELROSE PARK, IL 60160

Real Estate Market Report  ·  Cook County
Seller's Market
June 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60160

Business Park · North Maywood (N Maywood) · West Village (W Village)

Market Analysis

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

The MELROSE PARK, IL real estate market (60160) currently shows 17 active listings, with 9 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 30 days on market compared to 40 days last year.

The median listing price has risen 1.6% year-over-year, from $396,175 to $402,650.

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: 25,177  ·  Density: 2,135.6/mi²  ·  Median household income: $64,400

Typical home value: $244,705  ·  Homeownership: 55.1%

Market Overview

Active Listings
17
⇩ 39.3% vs 28 last year
Pending
9
53% pending ratio
Median Price
$402,650
⇧ 1.6% vs $396,175 last year
Average Price
$383,983
⇩ 2.2% vs $392,445 last year
Days on Market
30
⇩ 25% vs 40 days last year

Price Per Square Foot

Median $/sqft
$218
⇧ 2.3% vs $213/sqft last year
Median Home Size
1,887 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 28 last year
  • Days on market: 30 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $402,650 (+1.6% YoY)
  • Average: $383,983 (-2.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.5 miles — 508 listings ($309,035,349 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60160Melrose Park, IL 601600.0 mi18$6,435,648$325,000$357,536
60104Bellwood, IL 601041.6 mi57$15,040,248$284,500$263,864
60171River Grove, IL 601711.9 mi28$9,931,096$356,750$354,682
60305River Forest, IL 603052.3 mi36$23,806,080$398,500$661,280
60163Berkeley, IL 601632.7 mi9$2,923,677$323,725$324,853
60155Broadview, IL 601553.2 mi19$5,584,974$299,925$293,946
60130Forest Park, IL 601303.4 mi40$11,166,560$196,975$279,164
60302Oak Park, IL 603023.7 mi65$31,298,475$394,450$481,515
60154Westchester, IL 601544.0 mi36$14,018,616$388,850$389,406
60126Elmhurst, IL 601264.2 mi122$149,998,512$1,320,000$1,229,496
60706Harwood Heights, IL 607064.8 mi39$18,428,592$443,749$472,528
60526La Grange Park, IL 605265.2 mi12$9,302,604$623,450$775,217
60513Brookfield, IL 605135.5 mi27$11,100,267$390,000$411,121

Frequently Asked Questions

How many homes are for sale in MELROSE PARK, IL 60160?

As of June 2026, there are 17 active listings in MELROSE PARK, IL (zip code 60160), compared to 28 the prior year.

What is the median home price in MELROSE PARK, IL 60160?

The median listing price in MELROSE PARK, IL 60160 is $402,650 as of June 2026, a 1.6% increase from $396,175 the prior year.

How long do homes stay on the market in MELROSE PARK, IL?

Homes in MELROSE PARK, IL 60160 spend an average of 30 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in MELROSE PARK, IL 60160?

Based on current inventory and days-on-market data as of June 2026, MELROSE PARK, IL 60160 is currently a Seller's Market. Inventory has tightened compared to last year, with 11 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 30 days on market compared to 40 days last year.

How much can I save on real estate commission in MELROSE PARK, IL?

With SELL123.com's maximum 3% commission, sellers in MELROSE PARK, IL 60160 save an estimated $8,053 compared to a typical 5% commission on the median listing price of $402,650. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.