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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