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Friday, January 24, 2020

Elmwood Park home prices unchanged in the first half of 2017

Real Estate

By Local Labs News Service | Jul 14, 2017

Re 8

The median sale price of a home sold in the first half of 2017 in Elmwood Park was unchanged while total sales increased by 8.7%, according to BlockShopper.com.

From January through June of 2017, there were 175 homes sold, with a median sale price of $225,000. There were 161 homes sold in Elmwood Park in the first half of 2016, and the median sales price for the period was also $225,000.

The median sales tax in Elmwood Park for 2017 was $5,490. In 2016, the median sales tax was $5,310. This marks an increase of 3.4%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares Elmwood Park to other Cook County cities with similar median sales prices in the first half of 2017:

City
Jan. - June 2017 Home Sales
Jan. - June 2016 Home Sales
% change (Total Home Sales)
Jan. - June 2017 Median Sales Price
Jan. - June 2016 Median Sales Price
% change (Median Sales Price)
Palos Heights
111
106
4.7%
$243,000
$243,750
-0.3%
Elk Grove Village
243
238
2.1%
$238,000
$213,000
11.7%
Westchester
171
172
-0.6%
$238,000
$220,000
8.2%
Bartlett
152
130
16.9%
$232,750
$216,500
7.5%
North Riverside
50
51
-2%
$230,000
$213,000
8%
Elmwood Park
175
161
8.7%
$225,000
$225,000
0%
Palatine
685
618
10.8%
$225,000
$219,500
2.5%
Brookfield
159
139
14.4%
$222,500
$220,500
0.9%
Indian Head Park
45
50
-10%
$220,000
$210,000
4.8%
Forest Park
158
135
17%
$212,750
$187,000
13.8%
Buffalo Grove
169
151
11.9%
$211,000
$180,000
17.2%

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