Elmwood Park, IL Home Values & Market Trends
Real estate market trends reflect that there have been 315 transactions over the past year in Elmwood Park. The median value for residential home transactions that occurred over the previous year is $317,043.65. The number of current listings in Elmwood Park is 17, and the percentage of properties for sale in the city is 17.00%. Elmwood Park, IL currently has 33 properties in foreclosure, 2 bank owned properties, 8 properties headed for auction, and 17 properties for sale.
Elmwood Park, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60707 | $ 359,900 $ 193/sqft |
Housing Market Summary for Elmwood Park, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $339.9K | $312.8K | -7.99% |
| Median Sold Price | $312.3K | $312.8K | 0.16% |
| Homes For Sale | 21 | 18 | -14.29% |
| Homes Sold | 206 | 197 | -4.37% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Elmwood Park, IL
Browse Homes in Elmwood Park, IL
Elmwood Park home values range from $32,337 to $1,553,080. The median estimated value of a home in Elmwood Park is $317,043.65. The median list price of a home is 399,900, and the total count of properties in the city is 6,765.
- Pre-ForeclosurePre-foreclosure homes account for 0.34% of all residential properties in Elmwood Park, IL with 60707 containing 42 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Elmwood Park, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $516,750 in 60707 to the lowest home value of $95,230 in 60707.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Elmwood Park, IL ranges from the highest value of $408,414 in 60707 to the lowest value of $235,000 in 60707. Bank owned homes and properties account for 0.03% of properties in Elmwood Park, IL. There is 1 zips within Elmwood Park, IL; 60707 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60707 has 15 auction properties, the highest number of properties going to auction in a single zip in the state of Elmwood Park, IL. Auction homes and other auction properties account for 0.12% of all properties in Elmwood Park, IL. There is 1 zips within Elmwood Park, IL; of that zips, the median estimated home value for homes going to auction ranges from $431,480 in 60707 to the lowest value of $195,886 in 60707.
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