Thursday, November 20, 2014
The current real estate market in Unincorporate Leyden Township
Real estate appraiser Michael Walsh takes a look at statistics for single family homes in Unincorporated Leyden Township. The unincorporated area is on the edges of Franklin Park, Northlake and Melrose Park. Most have a Melrose Park 60164 mailing address.
According to MRED MLS statistics for the last twelve months for MLS area 7164 Leyden Township, the median sales price for Detached Housing increased +8.2%, average marketing time declined -27.8% to 91 days on the market, and there is currently a 4.5 month supply of inventory. This level is considered a small oversupply. REO & Short Sales account for approximately 46% of total sales.