Is Melvin, IL 60952 a buyer’s or seller’s market?
Melvin is a seller’s market. With about 0.8 months of supply and 50% 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.
Months of supply0.8Under 4 months = seller’s market
Sold above original list50%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$109
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Nearby markets
Cabery 60919Balanced $65 /sq ftElliott 60933 — /sq ftGibson City 60936Seller’s market $146 /sq ftKempton 60946 — /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