In March 2018, there were 18 homes sold, with a median sale price of $229,500 - a 32.3% increase over the $173,500 median sale price for the same period of the previous year. There were 30 homes sold in Melrose Park in March 2017.
The median sales tax in Melrose Park for the most recent year with available data, 2017, was $4,858, approximately 2.1% of the median home sale price for March 2018.
The following table compares Melrose Park to other Cook County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hodgkins | 1 | 0 | - | $236,000 | $0 | - |
| Orland Hills | 3 | 7 | -57.1% | $235,000 | $210,000 | 11.9% |
| Elk Grove Village | 42 | 36 | 16.7% | $232,750 | $227,500 | 2.3% |
| River Grove | 8 | 14 | -42.9% | $232,000 | $212,000 | 9.4% |
| Berwyn | 58 | 72 | -19.4% | $229,500 | $204,000 | 12.5% |
| Melrose Park | 18 | 30 | -40% | $229,500 | $173,500 | 32.3% |
| Orland Park | 80 | 92 | -13% | $226,750 | $240,000 | -5.5% |
| Buffalo Grove | 19 | 22 | -13.6% | $226,000 | $208,000 | 8.7% |
| Prospect Heights | 17 | 15 | 13.3% | $222,000 | $240,000 | -7.5% |
| Franklin Park | 20 | 24 | -16.7% | $220,000 | $152,500 | 44.3% |
| Hickory Hills | 13 | 10 | 30% | $217,000 | $222,500 | -2.5% |
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