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Chicago City Wire

Friday, April 26, 2024

Elmwood Park home prices rise in December 2019

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The median sale price of a home sold in December 2019 in Elmwood Park rose by $55,000 while total sales increased by 36%, according to BlockShopper.com.

In December 2019, there were 34 homes sold, with a median sale price of $230,000 - a 31.4% increase over the $175,000 median sale price for the same period of the previous year. There were 25 homes sold in Elmwood Park in December 2018.

The median sales tax in Elmwood Park for the most recent year with available data, 2018, was $5,622, approximately 2.4% of the median home sale price for December 2019.

The following table compares Elmwood Park to other Cook County cities with similar median sales prices in December 2019:

CityDec. 2019 Home SalesDec. 2018 Home Sales% change (Total Home Sales)Dec. 2019 Median Sales PriceDec. 2018 Median Sales Price% change (Median Sales Price)
River Grove7616.7%$243,500$219,50010.9%
Prospect Heights1418-22.2%$238,750$237,5000.5%
Westchester282512%$237,000$245,000-3.3%
Elk Grove Village36352.9%$235,000$265,000-11.3%
North Riverside660%$234,500$248,000-5.4%
Elmwood Park342536%$230,000$175,00031.4%
Olympia Fields660%$230,000$161,50042.4%
Melrose Park922-59.1%$223,000$159,75039.6%
Indian Head Park550%$220,000$182,00020.9%
Elmhurst10-$219,000$0-
Schaumburg75741.4%$218,000$194,25012.2%

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