Elmwood Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $224,950
    4% ( $9,950 ) vs Jan 2014
  • Median Sales Price
    $175,000
    11% ( $17,000 ) vs Jan 2014
  • Median Foreclosure Sales Price
    $150,000
    0% ( $500 ) vs Jan 2014
  • Foreclosures 322
    Homes for Sale 74
    Recently Sold 300

Market Summary

There are currently 322 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 74.

In February, the number of properties that received a foreclosure filing in Elmwood Park, IL was 33% lower than the previous month and 24% lower than the same time last year.

Home sales for January 2015 were down 55% compared with the previous month, and down 14% compared with a year ago. The median sales price of a non-distressed home was $175,000. The median sales price of a foreclosure home was $150,000, or 14% lower than non-distressed home sales.

Sales Prices - Elmwood Park, IL




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$150,000 (Median Foreclosure Sales Price) $149,500 (Median Foreclosure Sales Price) $151,000 (Median Foreclosure Sales Price) $152,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $132,000 (Median Foreclosure Sales Price) $175,000 (Median Sales Price) $158,000 (Median Sales Price) $175,250 (Median Sales Price) $194,000 (Median Sales Price) $208,000 (Median Sales Price) $211,250 (Median Sales Price) $150,000 (Median Foreclosure Sales Price) $149,500 (Median Foreclosure Sales Price) $151,000 (Median Foreclosure Sales Price) $152,000 (Median Foreclosure Sales Price) $170,000 (Median Foreclosure Sales Price) $132,000 (Median Foreclosure Sales Price) $175,000 (Median Sales Price) $158,000 (Median Sales Price) $175,250 (Median Sales Price) $194,000 (Median Sales Price) $208,000 (Median Sales Price) $211,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
2,251
31.0
% (y-o-y)
$248,000
1.4
% (y-o-y)
62.7%
66.1
% (y-o-y)
Park Ridge
45
25.0
% (y-o-y)
$350,000
5.5
% (y-o-y)
Data not available
Oak Park
39
40.9
% (y-o-y)
$307,500
6.6
% (y-o-y)
62.9%
40.6
% (y-o-y)
Melrose Park
31
45.6
% (y-o-y)
$135,000
2.3
% (y-o-y)
7.4%
26.1
% (y-o-y)
Maywood
22
24.1
% (y-o-y)
$89,000
17.1
% (y-o-y)
54.4%
44.7
% (y-o-y)
Harwood Heights
22
12.0
% (y-o-y)
$240,000
4.3
% (y-o-y)
19.2%
14.0
% (y-o-y)
Franklin Park
19
24.0
% (y-o-y)
$142,500
2.2
% (y-o-y)
21.4%
9.4
% (y-o-y)
Westchester
19
24.0
% (y-o-y)
$189,000
0.5
% (y-o-y)
25.9%
43.9
% (y-o-y)
Bellwood
17
56.4
% (y-o-y)
$127,000
44.3
% (y-o-y)
60.6%
30.7
% (y-o-y)
Hillside
13
18.2
% (y-o-y)
$145,000
13.3
% (y-o-y)
42.0%
41.4
% (y-o-y)

Local Info For Elmwood Park

Population:
24,710
Cost of Living Index: 116.09
Crime Index: 20.23     Rating: A View crime details
Schools: 5    Average School Rating: B- View individual school rating
Household Median Income: $55,100
Unemployment: 5.20%
Percentage of vacant homes: 8.50%