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.
Melrose Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
61
$148,590
-
2010
53
$119,700
-19.4%
2011
43
$153,680
28.4%
2012
70
$92,650
-39.7%
2013
92
$122,850
32.6%
2014
73
$138,860
13%
2015
71
$161,650
16.4%
2016
76
$182,700
13%
2017
91
$188,700
3.3%
2018
81
$195,000
3.3%
Median property tax
Median sale price
Effective property tax rate
2009
$5,760.77
$148,590
3.9%
2010
$5,392.16
$119,700
4.5%
2011
$5,305.23
$153,680
3.5%
2012
$4,952.30
$92,650
5.3%
2013
$4,692.39
$122,850
3.8%
2014
$4,545.95
$138,860
3.3%
2015
$4,790.80
$161,650
3%
2016
$5,205.44
$182,700
2.8%
2017
$5,392.67
$188,700
2.9%
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