Comprehensive market data and analysis• Updated Dec 2025
3.0 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 3 | 4 | 4 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 1 | 3 | 4 | 4 |
Acreage buckets
The median price for land in Melrose Park, Illinois is currently $319K per acre. For a typical parcel, the median sale price is $50K. Market volatility is currently moderate, meaning prices can vary moderately based on location and access. Recently, the cheapest land sold for $35K while premium lots reached $78K.
Melrose Park, Illinois is currently a seller's market with 3.0 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have increased 366.7% year-over-year.
Melrose Park, Illinois currently has 3.0 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
Over the past 12 months, Melrose Park, Illinois saw 4 properties sold, totaling $218K in sales volume. In just the last 3 months, 3 properties changed hands.
The median land price in Melrose Park, Illinois stands at $50K. This translates to roughly $319K per acre for the typical parcel size. The average price is $54K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Melrose Park, Illinois is 33.3% (3-month basis), indicating strong demand. With appreciating values (+366.7% YoY), the market shows growth potential. The top-performing broker in this market is Su Familia Real Estate Inc.
Land in Melrose Park, Illinois typically sells within 11 days of listing. The median time on market is 7 days. Properties are moving quickly in the current seller's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
