Melvin, IL Home Values & Market Trends

Real estate market trends reflect that there have been 10 transactions over the past year in Melvin. The median value for residential home transactions that occurred over the previous year is $74,670. The number of current listings in Melvin is 0, and the percentage of properties for sale in the city is 0.00%. Melvin, IL currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 0 properties for sale.

Melvin, IL Real Estate Market Overview

ZipMedian Est. Value
60952

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Housing Market Summary for Melvin, IL

Apr 2023March 2024Change
Median Listing Price$0$102.2K-
Median Sold Price$43,263$102.2K136.34%
Homes For Sale00-
Homes Sold66-
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Melvin, IL

Melvin home values range from $16,240 to $725,277. The median estimated value of a home in Melvin is $74,670. The median list price of a home is 0, and the total count of properties in the city is 238.

Foreclosure
There is 1 zips within Melvin, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $23,253 in 60952 to the lowest value of $23,253 in 60952. Foreclosure homes account for 0.00% of properties in Melvin, IL with 60952 containing 1 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Melvin, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Melvin, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Melvin, IL ranges from the highest value of $23,253 in 60952 to the lowest value of $23,253 in 60952. Bank owned homes and properties account for 0.42% of properties in Melvin, IL. There is 1 zips within Melvin, IL; 60952 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Melvin, IL. Auction homes and other auction properties account for 0% of all properties in Melvin, IL. There is 1 zips within Melvin, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.00% of residential properties in Melvin, IL with 60952 containing 0 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Melvin, IL; homes for sale in that zips, have a range of median values from $0 in 60952 to the lowest value of $0 in 60952.
    Sold Homes
    The median value for recently sold homes ranges from $194,964 in 60952 to the lowest price of $80,763 in 60952. There is 1 zips within Melvin, IL. 60952 has 3 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.26% of properties in Melvin, IL.

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      Guide for Melvin, IL

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Recently Listed Homes Melvin, IL

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