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West Cook News

Tuesday, November 26, 2024

Elmwood Park home prices rise in January 2018

Re 8

The median sale price of a home sold in January 2018 in Elmwood Park rose by $24,000 while total sales increased by 90.5%, according to BlockShopper.com.

In January 2018, there were 40 homes sold, with a median sale price of $217,500 - a 12.4% increase over the $193,500 median sale price for the same period of the previous year. There were 21 homes sold in Elmwood Park in January 2017.

The median sales tax in Elmwood Park for the most recent year with available data, 2017, was $5,490, approximately 2.5% of the median home sale price for January 2018.

The following table compares Elmwood Park to other Cook County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Orland Park756711.9%$225,000$200,00012.5%
North Riverside7475%$220,000$196,75011.8%
Hoffman Estates57561.8%$220,000$224,500-2%
Flossmoor1223-47.8%$218,500$190,00015%
East Hazel Crest10-$217,500$0-
Elmwood Park402190.5%$217,500$193,50012.4%
Hickory Hills1719-10.5%$215,000$185,00016.2%
Forest Park2426-7.7%$214,500$210,0002.1%
Des Plaines8090-11.1%$210,000$200,0005%
Justice147100%$210,000$148,00041.9%
Schiller Park151225%$205,000$169,00021.3%

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