The median sale price of a home sold in May 2021 in Melrose Park rose by $21,000 while total sales increased by 228.6%, according to BlockShopper.com.
In May 2021, there were 23 homes sold, with a median sale price of $230,000 – a 10% increase over the $209,000 median sale price for the same period of the previous year. There were seven homes sold in Melrose Park in May 2020.
The median sales tax in Melrose Park for the most recent year with available data, 2019, was $4,651, approximately 2% of the median home sale price for May 2021.
The following table compares Melrose Park to other Cook County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Oak Forest | 38 | 19 | 100% | $238,500 | $236,000 | 1.1% |
| Willow Springs | 6 | 8 | -25% | $236,500 | $268,000 | -11.8% |
| Hanover Park | 17 | 10 | 70% | $235,000 | $199,500 | 17.8% |
| Cicero | 44 | 12 | 266.7% | $232,500 | $197,500 | 17.7% |
| Matteson | 13 | 5 | 160% | $230,000 | $227,000 | 1.3% |
| Melrose Park | 23 | 7 | 228.6% | $230,000 | $209,000 | 10% |
| Olympia Fields | 7 | 3 | 133.3% | $228,000 | $280,000 | -18.6% |
| Oak Lawn | 111 | 33 | 236.4% | $225,000 | $189,000 | 19% |
| Indian Head Park | 8 | 2 | 300% | $224,500 | $126,000 | 78.2% |
| Hickory Hills | 22 | 8 | 175% | $221,000 | $215,500 | 2.6% |
| Lyons | 9 | 2 | 350% | $220,000 | $207,250 | 6.2% |
