60164, Melrose Park, IL Housing Market

ZIP code 60164's median home value is $312K, up 8.5% over the past year. Homes here sell in a median 23 days. Its PropertyIQ Score of 90 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

PropertyIQ provides ZIP-code-level market intelligence for 60164, Melrose Park, IL — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 60164, PropertyIQ predicts which micro-markets within IL are positioned to outperform.

Midwestern ZIP codes frequently offer entry prices far below national medians, but performance varies dramatically even within the same city. PropertyIQ scores individual ZIP codes to identify which neighborhoods show the demand signals — fast sales, rising price momentum, few price cuts — that predict near-term appreciation. Within the Midwest, ZIP code 60164's PropertyIQ Score of 90 ranks among the Midwest's stronger demand signals.

For 60164, Melrose Park, IL, PropertyIQ updates a hyperlocal score each month from four signals: twelve-month and three-month Zillow home-value momentum, Realtor.com median days on market, and the Realtor.com share of price-reduced listings. The score is computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a value above 50 means this ZIP's demand dynamics read stronger than its state. ZIP-level analysis captures neighborhood variation that county and metro scores smooth over.

Use PropertyIQ's analytics tools to evaluate 60164, Melrose Park, IL alongside other ZIP codes and investment opportunities. The interactive map, ZIP-level rankings, and AI-generated reports provide the hyperlocal market intelligence that separates informed decisions from guesswork.