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West Cook News

Friday, April 26, 2024

Elmwood Park home prices fall in June 2019

Re 13

The median sale price of a home sold in June 2019 in Elmwood Park fell by $24,750 while total sales decreased by 7.9%, according to BlockShopper.com.

In June 2019, there were 35 homes sold, with a median sale price of $255,000 - a 8.8% decrease over the $279,750 median sale price for the same period of the previous year. There were 38 homes sold in Elmwood Park in June 2018.

The median sales tax in Elmwood Park for the most recent year with available data, 2018, was $5,622, approximately 2.2% of the median home sale price for June 2019.

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

CityJune 2019 Home SalesJune 2018 Home Sales% change (Total Home Sales)June 2019 Median Sales PriceJune 2018 Median Sales Price% change (Median Sales Price)
Lincolnwood1420-30%$264,000$305,500-13.6%
Hoffman Estates8198-17.3%$262,000$265,000-1.1%
Forest Park3135-11.4%$260,000$225,00015.6%
Mission Hills Estates12-50%$260,000$340,000-23.5%
Palos Heights3439-12.8%$257,500$289,500-11.1%
Elmwood Park3538-7.9%$255,000$279,750-8.8%
Prospect Heights252119%$253,500$250,0001.4%
Buffalo Grove2547-46.8%$250,000$225,00011.1%
Westchester2949-40.8%$245,000$246,000-0.4%
Hickory Hills1726-34.6%$245,000$202,50021%
Elk Grove Village605215.4%$242,500$270,000-10.2%

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