From January to March, 84 homes sold in Elmwood Park for a median price of $217,500. That's 16.7 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 8 homes in Elmwood Park were in foreclosure.
Median property tax for homeowners in Elmwood Park was $5,723.20 in 2016 according to tax data from that year. That means homeowners pay 3.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Elmwood Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
40
$260,325
-
2010
67
$193,800
-25.6%
2011
44
$124,300
-35.9%
2012
44
$133,525
7.4%
2013
100
$147,420
10.4%
2014
44
$166,950
13.2%
2015
66
$212,000
27%
2016
64
$182,963
-13.7%
2017
66
$186,405
1.9%
2018
84
$217,500
16.7%
Median property tax
Median sale price
Effective property tax rate
2009
$6,938.57
$260,325
2.7%
2010
$5,623.19
$193,800
2.9%
2011
$5,375.07
$124,300
4.3%
2012
$5,589.24
$133,525
4.2%
2013
$5,496.50
$147,420
3.7%
2014
$4,810.26
$166,950
2.9%
2015
$6,161.53
$212,000
2.9%
2016
$5,723.19
$182,963
3.1%
Alerts Sign-up