Q3 real estate sales report: Melrose Park
From July to September, 81 homes sold in Melrose Park for a median price of $195,000. That's 3.3 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, 5 homes in Melrose Park were in foreclosure.
Median property tax for homeowners in Melrose Park was $5,392.68 in 2017 according to tax data from that year. That means homeowners pay 2.9 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.