From April to June, 84 homes sold in Melrose Park for a median price of $200,000. That's 14 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, 10 homes in Melrose Park were in foreclosure.
Median property tax for homeowners in Melrose Park was $5,593.67 in 2017 according to tax data from that year. That means homeowners pay 3.2 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Melrose Park real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
37
$146,250
-
2010
56
$136,230
-6.9%
2011
56
$139,555
2.4%
2012
58
$110,363
-20.9%
2013
70
$127,440
15.5%
2014
55
$134,090
5.2%
2015
58
$158,205
18%
2016
67
$162,750
2.9%
2017
67
$175,440
7.8%
2018
84
$200,000
14%
Median property tax
Median sale price
Effective property tax rate
2009
$6,386.01
$146,250
4.4%
2010
$5,476.61
$136,230
4%
2011
$5,230.73
$139,555
3.7%
2012
$5,102.66
$110,363
4.6%
2013
$4,827.41
$127,440
3.8%
2014
$4,670.58
$134,090
3.5%
2015
$4,592.75
$158,205
2.9%
2016
$4,865.07
$162,750
3%
2017
$5,593.66
$175,440
3.2%
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