From January through December of 2017, there were 356 homes sold, with a median sale price of $229,750 - a 2.1% increase over the $225,000 median sale price for the previous year. There were 371 homes sold in Elmwood Park in 2016.
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 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Palatine | 1,424 | 1,363 | 4.5% | $235,000 | $225,000 | 4.4% |
| Westchester | 354 | 356 | -0.6% | $234,000 | $220,250 | 6.2% |
| Bartlett | 335 | 310 | 8.1% | $234,000 | $227,000 | 3.1% |
| Willow Springs | 123 | 98 | 25.5% | $230,000 | $214,000 | 7.5% |
| Brookfield | 335 | 332 | 0.9% | $230,000 | $225,500 | 2% |
| Elmwood Park | 356 | 371 | -4% | $229,750 | $225,000 | 2.1% |
| Forest Park | 302 | 310 | -2.6% | $225,000 | $194,250 | 15.8% |
| Indian Head Park | 110 | 108 | 1.9% | $220,000 | $213,500 | 3% |
| Roselle | 69 | 98 | -29.6% | $218,500 | $203,250 | 7.5% |
| Countryside | 90 | 84 | 7.1% | $216,500 | $184,000 | 17.7% |
| Des Plaines | 1,236 | 1,260 | -1.9% | $215,250 | $200,000 | 7.6% |
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