Comprehensive market data and analysis• Updated Oct 2026
9.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 3 | 7 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 3 | 7 |
Acreage buckets
The median price for land in Melrose Park, Illinois is currently $416K per acre. For a typical parcel, the median sale price is $90K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $41K while premium lots reached $222K.
Melrose Park, Illinois is currently a buyer's market with 9.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Melrose Park, Illinois currently has 9.0 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, Melrose Park, Illinois saw 7 properties sold, totaling $829K in sales volume. In just the last 3 months, 2 properties changed hands.
The median land price in Melrose Park, Illinois stands at $90K. This translates to roughly $416K per acre for the typical parcel size. The average price is $118K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Melrose Park, Illinois is 11.1% (3-month basis), indicating moderate demand. The top-performing broker in this market is Realty of America, LLC.
Land in Melrose Park, Illinois typically sells within 13 days of listing. The median time on market is 7 days. Properties are moving quickly in the current buyer'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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Melrose Park on LandyDandy.
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