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Chicago City Wire

Friday, April 10, 2020

Elmwood Park home prices rise in December 2019

Real Estate

By Metric Media News Service | Jan 7, 2020

Re 10

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:

City
Dec. 2019 Home Sales
Dec. 2018 Home Sales
% change (Total Home Sales)
Dec. 2019 Median Sales Price
Dec. 2018 Median Sales Price
% change (Median Sales Price)
River Grove
7
6
16.7%
$243,500
$219,500
10.9%
Prospect Heights
14
18
-22.2%
$238,750
$237,500
0.5%
Westchester
28
25
12%
$237,000
$245,000
-3.3%
Elk Grove Village
36
35
2.9%
$235,000
$265,000
-11.3%
North Riverside
6
6
0%
$234,500
$248,000
-5.4%
Elmwood Park
34
25
36%
$230,000
$175,000
31.4%
Olympia Fields
6
6
0%
$230,000
$161,500
42.4%
Melrose Park
9
22
-59.1%
$223,000
$159,750
39.6%
Indian Head Park
5
5
0%
$220,000
$182,000
20.9%
Elmhurst
1
0
-
$219,000
$0
-
Schaumburg
75
74
1.4%
$218,000
$194,250
12.2%

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