Royal Melbourne, IL Housing Market

Homes for sale

The Royal Melbourne housing market is not very competitive. The median sale price of a home in Royal Melbourne was $1.1M last month, down 14.4% since last year. The median sale price per square foot in Royal Melbourne is $167, down 16.1% since last year.

Trends
Demand
Schools
Climate

Royal Melbourne Housing Market Trends

What is the housing market like in Royal Melbourne today?

In December 2024, Royal Melbourne home prices were down 14.4% compared to last year, selling for a median price of $1.1M.

$1.07M

Sale Price

-7.4%
since last year

$167

Sale $/Sq. Ft.

-16.1%
since last year

Under List Price

3.4%

Days on Market

Down Payment

51.4%

Total Homes Sold

To compare other locations to the Royal Melbourne and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Long Grove add value to a home.

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How hot is the Royal Melbourne housing market?

Royal Melbourne is not very competitive. Homes sell in 45 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 45 days.
Hot homes
can sell for around list price and go pending in around 13 days.

Compare With Nearby Neighborhoods

Golden Corridor

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 53 days.
Hot homes
can sell for about 2% above list price and go pending in around 37 days.

Grosse Pointe Village

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 83 days.
Hot homes
can sell for about 2% below list price and go pending in around 50 days.

See more nearby cities and neighborhoods

View houses in Royal Melbourne that sold recently

Recently sold homes

SOLD DEC 20, 2024
$200,000 Last Sold Price
—beds
—baths
—sq ft
4771 Trenton Ct, Long Grove, IL 60047
List Price
$229,000
Sale to List
13% under list
Days on Market
224 days
4771 Trenton Ct, Long Grove, IL 60047
SOLD DEC 2, 2024
3D WALKTHROUGH
$1,070,000 Last Sold Price
6 beds
4.5 baths
6,385 sq ft
4705 Cantibury Ct, Long Grove, IL 60047
List Price
$1,100,000
Sale to List
3% under list
Days on Market
70 days
4705 Cantibury Ct, Long Grove, IL 60047
SOLD AUG 28, 2024
3D WALKTHROUGH
$1,300,000 Last Sold Price
5 beds
4.5 baths
4,468 sq ft
4862 Preserve Pkwy, Long Grove, IL 60047
List Price
$1,300,000
Sale to List
0% over list
Days on Market
48 days
4862 Preserve Pkwy, Long Grove, IL 60047
SOLD AUG 5, 2024
3D WALKTHROUGH
$1,260,000 Last Sold Price
5 beds
4.5 baths
5,094 sq ft
4861 Pond View Ct, Long Grove, IL 60047
List Price
$1,299,000
Sale to List
3% under list
Days on Market
7 days
4861 Pond View Ct, Long Grove, IL 60047
SOLD JUL 31, 2024
$910,000 Last Sold Price
4 beds
3.5 baths
4,376 sq ft
4476 Wellington Dr, Long Grove, IL 60047
List Price
$925,000
Sale to List
2% under list
Days on Market
76 days
4476 Wellington Dr, Long Grove, IL 60047

Schools in Royal Melbourne

Learn about schools in the Royal Melbourne area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

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 Royal Melbourne housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Royal Melbourne.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

100% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Royal Melbourne

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