Elmwood Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $227,000
    1% ( $2,000 ) vs Aug 2013
  • Median Sales Price
    $211,250
    7% ( $13,250 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $132,000
    18% ( $20,500 ) vs Aug 2013
  • Foreclosures 368
    Homes for Sale 88
    Recently Sold 386

Market Summary

There are currently 368 properties in Elmwood Park, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 88.

In September, the number of properties that received a foreclosure filing in Elmwood Park, IL was 10% lower than the previous month and 35% lower than the same time last year.

Home sales for August 2014 were up 38% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $211,250. The median sales price of a foreclosure home was $132,000, or 38% lower than non-distressed home sales.

Sales Prices - Elmwood Park, IL




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$132,000 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $142,500 (Median Foreclosure Sales Price) $116,750 (Median Foreclosure Sales Price) $211,250 (Median Sales Price) $198,000 (Median Sales Price) $211,250 (Median Sales Price) $188,000 (Median Sales Price) $191,750 (Median Sales Price) $184,500 (Median Sales Price) $132,000 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $101,000 (Median Foreclosure Sales Price) $142,500 (Median Foreclosure Sales Price) $116,750 (Median Foreclosure Sales Price) $211,250 (Median Sales Price) $198,000 (Median Sales Price) $211,250 (Median Sales Price) $188,000 (Median Sales Price) $191,750 (Median Sales Price) $184,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,064
40.0
% (y-o-y)
$292,500
5.6
% (y-o-y)
66.2%
68.6
% (y-o-y)
Oak Park
69
49.3
% (y-o-y)
$377,500
14.4
% (y-o-y)
33.4%
74.2
% (y-o-y)
Park Ridge
41
54.4
% (y-o-y)
$339,500
2.9
% (y-o-y)
Data not available
Melrose Park
40
55.1
% (y-o-y)
$130,000
4.4
% (y-o-y)
27.3%
32.1
% (y-o-y)
Bellwood
29
35.6
% (y-o-y)
$105,000
5.0
% (y-o-y)
44.8%
55.0
% (y-o-y)
Forest Park
26
3.7
% (y-o-y)
$171,500
3.9
% (y-o-y)
70.8%
57.3
% (y-o-y)
Franklin Park
22
26.7
% (y-o-y)
$146,750
7.1
% (y-o-y)
18.2%
17.5
% (y-o-y)
Harwood Heights
20
55.6
% (y-o-y)
$250,000
14.5
% (y-o-y)
22.0%
7.0
% (y-o-y)
Maywood
20
44.4
% (y-o-y)
$65,250
45.0
% (y-o-y)
50.2%
25.6
% (y-o-y)
Riverside
19
60.4
% (y-o-y)
$235,000
4.0
% (y-o-y)
37.4%
48.7
% (y-o-y)

Local Info For Elmwood Park

Population:
24,710
Cost of Living Index: 116.09
Crime Index: 23.97     Rating: A View crime details
Schools: 5    Average School Rating: B- View individual school rating
Household Median Income: $55,100
Unemployment: 5.60%
Percentage of vacant homes: 8.50%