Why Live in Melrose Park
Melrose Park, located 14 miles west of downtown Chicago, is a neighborhood with a rich industrial history and a commitment to progress. Known for its aesthetically pleasing suburban atmosphere, it features woods, parks, and the Des Plaines River. The area boasts a variety of architectural styles, including historical homes influenced by Frank Lloyd Wright’s Prairie style, midcentury bungalows, split-levels, and Craftsman-inspired homes. The neighborhood's streetscape includes driveways, garages, mature shade trees, and homes with small ornamental lawns. Melrose Park offers several green spaces like Bataan Park, which was recently renovated with a playground, tennis courts, gardens, ball fields, an exercise track, and a picnic pavilion. The Oak Park Country Club and Thatcher Woods provide additional outdoor activities, including an 18-hole golf course and walking trails. Shopping and dining options range from small locally owned businesses to big box stores, with key commercial areas along Broadway Avenue, Division Street, and Lake Street. Residents can enjoy evening entertainment at the Cinemark movie complex and community events like the Taste of Melrose Park and Hispano Fest. The neighborhood is highly walkable, with accessible public transportation options including buses and a Metra station. Commuters can easily connect to Interstate 290 via North Avenue.
Home Trends in Melrose Park, IL
On average, homes in Melrose Park, IL sell after 26 days on the market compared to the national average of 50 days. The median sale price for homes in Melrose Park, IL over the last 12 months is $325,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$325,000
Median Single Family Sale Price
$340,000
Median Townhouse Sale Price
$250,500
Median 2 Bedroom Sale Price
$335,000
Median 1 Bedroom Sale Price
$213,750
Average Price Per Sq Ft
$220
Number of Homes for Sale
18
Last 12 months Home Sales
146
Median List Price
$339,800
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
12%