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Saturday, April 20, 2024

Elmwood Park home prices rise in January 2019

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The median sale price of a home sold in January 2019 in Elmwood Park rose by $35,500 while total sales decreased by 42.5%, according to BlockShopper.com.

In January 2019, there were 23 homes sold, with a median sale price of $253,000 - a 16.3% increase over the $217,500 median sale price for the same period of the previous year. There were 40 homes sold in Elmwood Park in January 2018.

The median sales tax in Elmwood Park for the most recent year with available data, 2017, was $5,490, approximately 2.2% of the median home sale price for January 2019.

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

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
Niles2030-33.3%$263,250$252,5004.3%
Evanston4572-37.5%$260,000$362,500-28.3%
Mount Prospect49458.9%$260,000$270,000-3.7%
North Riverside57-28.6%$259,000$220,00017.7%
Morton Grove1827-33.3%$254,250$268,500-5.3%
Elmwood Park2340-42.5%$253,000$217,50016.3%
Palos Heights17170%$252,000$230,0009.6%
Willow Springs810-20%$250,000$174,25043.5%
Orland Park6875-9.3%$249,750$225,00011%
Lincolnwood815-46.7%$247,000$441,500-44.1%
Buffalo Grove221457.1%$242,500$152,50059%

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