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West Cook News

Monday, November 25, 2024

Elmwood Park home prices fall in May 2019

Re 14

The median sale price of a home sold in May 2019 in Elmwood Park fell by $61,500 while total sales remained unchanged with 30 homes sold, according to BlockShopper.com.

In May 2019, there were 30 homes sold, with a median sale price of $231,000 - a 21% decrease over the $292,500 median sale price for the same period of the previous year. There were 30 homes sold in Elmwood Park in May 2018, as well.

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 May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Des Plaines1101063.8%$238,250$215,25010.7%
Hickory Hills1618-11.1%$237,500$227,5004.4%
Berkeley510-50%$236,000$178,50032.2%
Franklin Park25250%$235,000$225,0004.4%
Harwood Heights111010%$234,000$252,500-7.3%
Elmwood Park30300%$231,000$292,500-21%
Berwyn6567-3%$230,000$218,0005.5%
Elk Grove Village5053-5.7%$227,500$258,000-11.8%
North Riverside610-40%$224,500$228,750-1.9%
Hanover Park23224.5%$223,000$226,000-1.3%
Burbank413613.9%$220,000$181,50021.2%

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