In May 2019, there were 24 homes sold, with a median sale price of $217,500. There were 29 homes sold in Melrose Park in May 2018, and the median sales price for the period was also $217,500.
The median sales tax in Melrose Park for the most recent year with available data, 2018, was $4,820, approximately 2.2% of the median home sale price for May 2019.
The following table compares Melrose Park to other Cook County cities with similar median sales prices in May 2019:
| City | May 2019 Home Sales | May 2018 Home Sales | % change (Total Home Sales) | May 2019 Median Sales Price | May 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Elk Grove Village | 50 | 53 | -5.7% | $227,500 | $258,000 | -11.8% |
| North Riverside | 6 | 10 | -40% | $224,500 | $228,750 | -1.9% |
| Hanover Park | 23 | 22 | 4.5% | $223,000 | $226,000 | -1.3% |
| Burbank | 41 | 36 | 13.9% | $220,000 | $181,500 | 21.2% |
| Schaumburg | 144 | 124 | 16.1% | $219,000 | $189,500 | 15.6% |
| Melrose Park | 24 | 29 | -17.2% | $217,500 | $217,500 | 0% |
| Olympia Fields | 10 | 5 | 100% | $217,500 | $225,000 | -3.3% |
| Justice | 9 | 11 | -18.2% | $212,500 | $180,000 | 18.1% |
| Stickney | 7 | 8 | -12.5% | $210,000 | $153,000 | 37.3% |
| Bridgeview | 15 | 13 | 15.4% | $210,000 | $210,000 | 0% |
| Bellwood | 22 | 26 | -15.4% | $209,500 | $154,500 | 35.6% |
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