Housing Prices in Royal Melbourne, IL

How much do homes in Royal Melbourne, IL cost?

Median List Price

$1,195,000

$218/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$46,000(+4.0%)

Key Takeaway

The list price of homes in Royal Melbourne has increased by 4% since last year.

Summary: The median home list price in Royal Melbourne was $1,195,000 in March 2024, up 4% from the previous year, and the median price per square foot was $218.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $1.2M$1.0M
-15.2%
5+ $1.0M$1.1M
+9.1%

Summary: Royal Melbourne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 9.1%.

Median List Price Compared To Nearby Neighborhoods

Preserves at Long Grove
+54.6%
Oak Hills
+26.9%
Royal Melbourne
+4.0%

Housing Supply in Royal Melbourne, IL

How many homes are available in Royal Melbourne, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
12+100.0%

Summary: The Royal Melbourne real estate market had 2 homes for sale in March 2024, a 100.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 00
0.0%
5+ 12
+100.0%

Summary: The Royal Melbourne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Days on Market for Royal Melbourne, IL

How long does it take to sell a home in Royal Melbourne, IL?

Average Listing Age

Mar 2023Mar 2024CHANGE
63 Days31 Days-50.8%

Summary: Homes in Royal Melbourne had an average listing age of 31 days in Mar 2024, down by 50.8% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Royal Melbourne, IL

Nearby Markets to Royal Melbourne, IL