Is Melrose Park, IL 60160 a buyer’s or seller’s market?
Melrose Park is a seller’s market. With about 3.3 months of supply and 44% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score58/ 100
More competitive than 60% of U.S. ZIP codes, and #314 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3.3Under 4 months = seller’s market
Sold above original list44.4%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market56Listing to accepted offer
Median price per sq ft$230▲ +8.0% vs. last year
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Nearby markets
Alsip 60803Seller’s market $202 /sq ftArlington Heights 60004Seller’s market $280 /sq ftArlington Heights 60005Seller’s market $261 /sq ftBarrington 60010Seller’s market $255 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology