Melrose Park, IL, Real Estate
Melrose Park, Illinois, is a vibrant village in Cook County, just west of Chicago, with a population of approximately 24,700 as of the 2020 census. Known for its rich cultural diversity and strong community spirit, Melrose Park offers a blend of suburban charm and urban accessibility. The village is famous for hosting the annual "Our Lady of Mount Carmel Feast," a lively festival celebrating Italian heritage with food, music, and parades. Home to the Kiddieland Amusement Park until its closure in 2009, Melrose Park continues to attract visitors with local dining, parks, and proximity to Chicago’s amenities, making it a dynamic place to live and visit.
Melrose Park currently has 34 single family homes for sale with an average list price of $351,685.29, 1 townhouse for sale with a list price of $600,000, 2 condos for sale with an average list price of $379,900, and 3 lots for sale with an average list price of $201,333.33. The average annual property tax for Melrose Park is $4,495.30.
Photos
3 Photos
Schools
View schools in Melrose Park
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Melrose Park, i.e. what's hot and what's not.
See What's Hot & What's Not in Melrose Park
Recent Sales
View recent sales in Melrose Park
Train Stations
View train stations in Melrose Park
Subdivisions/Buildings
|
Subdivisions/Buildings |
Median Price |
|
Leyden Gardens is a single-family home community in Melrose Park, Illinois, built in 1954. It currently has no homes for sale. The homes have an average size of 1,379 ft2. The average annual property tax for Leyden Gardens is $4,828.78. It is located in Cook County. Leyden Gardens is a single family home subdivision located in Melrose Park, Illinois south of Fullerton Avenue and wst of 25th Avenue.
... Read more
|
Median Price: $315,000 |
|
|
Riverwoods is an active adult 55+ condo building in Melrose Park, Illinois, built between 2002 and 2020. It currently has 1 condo for sale with a list price of $459,900. The homes range in size from 1,292 ft2 to 2,537 ft2. The average annual property tax for Riverwoods is $4,297.85. It is located in Cook County. Riverwoods is a condominium complex for active adults 55+, it was built in 2002. Riverwoods is located in Melrose Park, Illinois at 1700 Riverwoods Drive south of North Avenue.
... Read more
|
Median Price: $330,000 |
|
|
Silver Creek is a subdivision in Melrose Park, Illinois. It currently has no homes for sale. It is located in Cook County. Silver Creek is a townhouse community built in the 1960's. Silver Creek is located in Melrose Park, Illinois south of North Avenue and east of 15th Avenue.
... Read more
|
|
|
|
Thatcher Woods is a condo community in Melrose Park, Illinois, built in 2005. It currently has no homes for sale. The homes have an average size of 1,374 ft2. The average annual property tax for Thatcher Woods is $4,126.48. It is located in Cook County. Thatcher Woods is a condominium complex built between 2005 and 2008. There are 10 floor plans available with square feet ranging from 981 to 2,115 square feet. Thatcher Woods is located in Melrose Park, Illinois off of North Avenue east of 1st Avenue.
... Read more
|
|
|
|
Winston Park is a single-family home community in Melrose Park, Illinois, built between 1952 and 1964. It currently has 3 single family homes for sale with an average list price of $394,966.67. The homes range in size from 1 ft2 to 2,863 ft2. The average annual property tax for Winston Park is $5,488.41. It is located in Cook County. Winston Park is a single family home neighborhood built in the 1950's. WInston Park is located in Melrose Park, Illinois south of North Street and west of 1st Avenue.
... Read more
|
Median Price: $361,450 |
Subdivisions/Buildings
View subdivisions in Melrose Park
Market Trends
Melrose Park home sales for the month of June rose in volume by 280% when compared to last year, while the median sale price decreased by 11% from $365,000 to $325,000. House sales rose by 300%, while the median sale price decreased by 14.2% from $393,500 to $337,500. Condo sales rose by 200%, while the median sale price rose by 5% from $260,000 to $273,000.
|
233
|
187
|
145
|
128
|
|
2021 |
2022 |
2023 |
2024 |
|
$275,000
|
$275,000
|
$287,000
|
$310,500
|
|
2021 |
2022 |
2023 |
2024 |
Median Sale Price for Melrose Park
Number of Sales for Melrose Park
Market Trends
View market trends in Melrose Park
Nearby Parks
1220 North 9th Avenue
Baseball Diamonds
Playground
Softball Fields
Tennis Courts
West Hirsch Avenue and North 17th
Spray Park
Tennis Courts
South Roberta Avenue and Soffel
Basketball Courts
Playground
Nearby Parks
View parks in Melrose Park
Real Estate News
|
Melrose Park had 2 new homes for sale during the week of Friday, July 18 to Thursday, July 24, including including .
$489,900
1710 N 23rd Ave.
Melrose Park, IL
$300,000
1216 N 20th Ave.
Melrose ...
continue reading
|
|
Melrose Park had 5 sales during the week of Tuesday, July 15 to Monday, July 21, including including 1 single family home for sale with a list price of $379,900, ...
continue reading
|
|
Melrose Park had 2 new homes for sale with a master bedroom on the first floor during the month of Saturday, July 12 to Friday, July 18, including 2 ...
continue reading
|
|
|
Melrose Park had 5 new homes for sale during the week of Friday, July 11 to Thursday, July 17, including including 3 single family homes for sale with an average ...
continue reading
|
|
Melrose Park had 2 sales during the week of Tuesday, July 8 to Monday, July 14, including including 1 single family home for sale with a list price of $330,000.
$330,000
821 ...
continue reading
|
View More Melrose Park News
Real Estate News
View More Melrose Park News
We have helped thousands of families buy and sell homes!
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.
