Why Live in Melrose Park
Melrose Park, Illinois, located 14 miles west of downtown Chicago, offers a blend of suburban charm and historical significance. The community is known for its midcentury aesthetics and architectural styles influenced by Frank Lloyd Wright, featuring ranch homes, midcentury bungalows, split-levels, and Craftsman-inspired designs. Residents enjoy a suburban atmosphere with mature shade trees, driveways, and garages, alongside urban residential elements like ornamental lawns and closely stacked homes. Melrose Park boasts several green spaces, including Bataan Park, which was renovated in 2022 with new playground equipment, tennis courts, ball fields, and a picnic pavilion. Thatcher Woods and Oak Park Country Club provide additional outdoor activities, with walking trails and an 18-hole golf course. The Trailside Museum of Natural History offers educational opportunities. Shopping and dining options are plentiful, with local eateries and big box stores like Jewel-Osco, Target, and Best Buy at Winston Plaza. The community hosts annual events such as the Taste of Melrose Park food festival and Hispano Fest. Public transportation is accessible, with buses running along major routes and a Metra station near Lake Street. Melrose Park is safer than the national average, making it a practical choice for homebuyers seeking a well-rounded suburban lifestyle with various things to do.
Home Trends in Melrose Park, IL
On average, homes in Melrose Park, IL sell after 24 days on the market compared to the national average of 70 days. The median sale price for homes in Melrose Park, IL over the last 12 months is $465,000, up 100% from the median home sale price over the previous 12 months.
Median Sale Price
$465,000
Median Single Family Sale Price
$470,000
Median Townhouse Sale Price
$600,000
Median 2 Bedroom Sale Price
$290,000
Median 1 Bedroom Sale Price
$215,000
Average Price Per Sq Ft
$178
Number of Homes for Sale
1
Last 12 months Home Sales
11
Median List Price
$495,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
100%