Property prices for sale in Melrose Park (Illinois)

The prices in real estate in Melrose Park, in the Illinois region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.

$243,162.33
Average price last 6 months
$140.5
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Melrose Park has remained the same in the last 6 months. In November, the average price per sq.feet was $146. In December this price pretty much remained the same at a value of $146 per sq.feet. The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $138.75 to $144 during March y April

Average price

Based upon to the price in Melrose Park (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $252,576. In December This price remains at $243,773. In the following two months the average price has remained the same with regard to the previous two months from $248,174.5 to $251,899.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $250,037 to $229,413 in March and April.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $222,793 they are 45 % more affordable than the average price for Melrose Park. The properties with the lowest average price have 1 bedroom, Their price is 5 % cheaper than the average. After that we have properties with 2 bedrooms priced at $210,943.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $134 / sq.feet, with an average $149 / sq.feet price in Melrose Park. The properties with the highest average prices have 3 bedrooms. They are 517 % more expensive than the average followed by properties with 1 bedroom with a price at $151 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $222,793 it is 6 % cheaper than the average price in Melrose Park. "Commercial" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $210,510 it is 15 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $116 / sq.feet followed by "House" priced at $141 / sq.feet. "House" is the cheapest type of property with a $141 / sq.feet value followed by "Commercial" with an average price of $116 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Melrose Park
Number of properties used in region Illinois
$222,793
$149
508
480,296
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value