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Melrose Park

Condos InMelrose Park, IL

Melrose Park, IL Condo Market Report (In last 12 months)

Avg. List Price

$226,856 ($196/Sqft.)

Year-Over-Year List Price

Up Arrow21.06%

Total Listings

Listed 29

Avg. Days on Market

Up Arrow65

Avg. Sale Price

$192,179 ($182/Sqft.)

Year-Over-Year Sale Price

Up Arrow6.74%

Total Sold

Sold32

Avg. HOA Fees/Sqft.

$4/monthly

Melrose park, IL Condo Market Overview

Melrose Park, nestled in the heart of Illinois, offers a delightful blend of suburban charm and urban convenience. Here, the condo market appeals to a diverse range of buyers, from first-time homeowners to those seeking a more luxurious lifestyle. In the vibrant downtown area, contemporary high-rises boast sleek designs and modern amenities such as rooftop terraces with sweeping views, state-of-the-art fitness centers, and concierge services. These condos provide an upscale living experience without the bustling pace of city life. For those in search of a quaint, more affordable option, Melrose Park offers charming townhome-style condos tucked into peaceful neighborhoods like Winston Park. These areas offer easy access to lush parks, cozy cafes, and local boutiques, capturing the essence of suburban tranquility. With a rich tapestry of culture, community events, and culinary delights, Melrose Park presents a welcoming environment for anyone looking to find their perfect home.

Condos For Sale In Melrose Park, IL

Popular Condos Neighborhoods in Melrose Park, IL

Explore Melrose Park, IL Neighborhoods

Melrose Park, IL, is a vibrant suburb that blends small-town charm with urban convenience. Known for its diverse culinary offerings, lively community events, and rich Italian heritage, this dynamic neighborhood provides a welcoming atmosphere and easy access to Chicago's bustling amenities. With its lush parks and family-friendly environment, Melrose Park offers a perfect balance of relaxation and excitement.

Frequently Asked Questions About Melrose Park, IL

What is it like to live in Melrose Park?

Melrose Park is a suburban area known for its family-friendly environment and diverse housing options, including single-family homes and apartments. It offers convenient access to public transportation, with proximity to commuter rail services. The area features a variety of shopping centers and parks, contributing to a balanced suburban lifestyle.

What is it like to live in Melrose Park?

Is Melrose Park expensive?

Melrose Park has a moderately priced real estate market compared to nearby Chicago, offering affordable housing options primarily in single-family homes and smaller apartment complexes. The area provides essential amenities and infrastructure but lacks the high-density residential and commercial developments found in the city.

Is Melrose Park expensive?

How much is a condo in Melrose Park?

As of 2025, the average price of a condo in Melrose Park, IL ranges from $150,000 to $250,000, varying with size and location within the suburb. This area offers a suburban lifestyle with access to nearby Chicago via public transportation.

How much is a condo in Melrose Park?

What are the safest neighborhoods in Melrose Park?

Specific safety data for Melrose Park neighborhoods may not be readily available, but communities generally promote a family-friendly environment with local amenities and public transit access. Nearby areas like River Forest and Elmwood Park also have a reputation for safety and community engagement.

What are the safest neighborhoods in Melrose Park?

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