The Melrose Park housing market is somewhat competitive. The median sale price of a home in Melrose Park was $235K last month, down 67.8% since last year. The median sale price per square foot in Melrose Park is $146, down 37.1% since last year.
What is the housing market like in Melrose Park today?
In April 2025, Melrose Park home prices were down 67.8% compared to last year, selling for a median price of $235K.
$235K
Sale Price
-67.8% since last year
$146
Sale $/Sq. Ft.
-37.1% since last year
Under List Price
0.2%
Days on Market
47
Down Payment
—
Total Homes Sold
5
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How hot is the Melrose Park housing market?
Melrose Park is somewhat competitive. Homes sell in 47 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for around list price and go pending in around 47 days.
Hot homes
can sell for about 4% above list price and go pending in around 17 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Melrose Park housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Melrose Park.
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Melrose Park has a minor risk of flooding. 30 properties in Melrose Park are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Melrose Park. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Melrose Park has a moderate risk of wildfire. There are 2 properties in Melrose Park that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Melrose Park.
82% of properties are at minimal
risk of a severe wind event over the next 30 years
Wind Factor
Melrose Park has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Melrose Park is most at risk from hurricanes. 888 properties in Melrose Park have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 51 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 59 mph.