Melrose Park, IL real estate snapshot: Pulse Score pending, cap rate –%, median price $410,000. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
The present housing market in Melrose Park is down with high active listings and low sales volume. Home prices have decreased 4.7% in the past month. At the current sales pace, it would take over 11.0 months to sell all available homes in Melrose Park, indicating an oversupplied market. Sales volume is down 50% compared to seasonal expectations. Only 9.1% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Melrose Park market with the affordability index at 123.1. Based on current market indicators, home prices in Melrose Park are projected to decrease by approximately 22.5% over the next month.
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The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Melrose Park, IL for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Melrose Park, IL.
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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