From January through March of 2018, there were 50 homes sold, with a median sale price of $176,500 - a 4.1% increase over the $169,500 median sale price for the same period of the previous year. There were 74 homes sold in Melrose Park in the first quarter of 2017.
The median sales tax in Melrose Park for the most recent year with available data, 2017, was $4,858, approximately 2.8% of the median home sale price for the first quarter of 2018.
The following table compares Melrose Park to other Cook County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Berkeley | 9 | 16 | -43.8% | $179,000 | $149,500 | 19.7% |
| Schiller Park | 28 | 32 | -12.5% | $177,500 | $195,500 | -9.2% |
| Bridgeview | 26 | 43 | -39.5% | $177,500 | $173,000 | 2.6% |
| Broadview | 15 | 28 | -46.4% | $177,000 | $145,000 | 22.1% |
| Tinley Park | 198 | 192 | 3.1% | $176,500 | $168,500 | 4.7% |
| Melrose Park | 50 | 74 | -32.4% | $176,500 | $169,500 | 4.1% |
| Lyons | 31 | 42 | -26.2% | $175,000 | $131,250 | 33.3% |
| Hanover Park | 49 | 61 | -19.7% | $175,000 | $168,000 | 4.2% |
| River Grove | 27 | 36 | -25% | $170,000 | $176,500 | -3.7% |
| Oak Lawn | 217 | 252 | -13.9% | $170,000 | $157,750 | 7.8% |
| Elgin | 69 | 87 | -20.7% | $170,000 | $150,000 | 13.3% |
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