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Chicago City Wire

Tuesday, November 26, 2024

Elmwood Park median home prices fell by 20% in April

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The median sale price of a home sold in April in Elmwood Park fell by $57,500 while total sales decreased by 91.7 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $230,000 - a 20 percent decrease from the $287,500 median sale price for the same period of the previous year. There were 60 homes sold in Elmwood Park in April 2021.

The median sales tax in Elmwood Park for the most recent year with available data, 2019, was $6,109, approximately 2.7 percent of the median home sale price for April.

The following table compares Elmwood Park to other Cook County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Richton Park223-91.3$253,750$135,00088
Flossmoor425-84$243,250$192,00026.7
Schaumburg12183-93.4$240,500$220,0009.3
Elgin238-94.7$237,500$226,5004.9
South Holland835-77.1$232,500$180,00029.2
Elmwood Park560-91.7$230,000$287,500-20
Morton Grove957-84.2$229,000$320,000-28.4
Burr Ridge110-90$225,000$450,000-50
Burbank344-93.2$225,000$235,000-4.3
Oak Lawn14132-89.4$221,500$190,25016.4
Rolling Meadows165-98.5$220,000$262,500-16.2

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