Elmwood Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $229,600
    15% ( $30,600 ) vs May 2013
  • Median Sales Price
    $188,000
    2% ( $3,750 ) vs May 2013
  • Median Foreclosure Sales Price
    $101,000
    29% ( $41,500 ) vs May 2013
  • Foreclosures 403
    Homes for Sale 100
    Recently Sold 389

Market Summary

There are currently 403 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 100.

In June, the number of properties that received a foreclosure filing in Elmwood Park, IL was 10% lower than the previous month and 28% lower than the same time last year.

Home sales for May 2014 were up 19% compared with the previous month, and down 30% compared with a year ago. The median sales price of a non-distressed home was $188,000. The median sales price of a foreclosure home was $101,000, or 46% lower than non-distressed home sales.

Sales Prices - Elmwood Park, IL




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$101,000 (Median Foreclosure Sales Price) $142,500 (Median Foreclosure Sales Price) $116,750 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $188,000 (Median Sales Price) $191,750 (Median Sales Price) $184,500 (Median Sales Price) $162,000 (Median Sales Price) $165,750 (Median Sales Price) $170,000 (Median Sales Price) $101,000 (Median Foreclosure Sales Price) $142,500 (Median Foreclosure Sales Price) $116,750 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $145,000 (Median Foreclosure Sales Price) $150,000 (Median Foreclosure Sales Price) $188,000 (Median Sales Price) $191,750 (Median Sales Price) $184,500 (Median Sales Price) $162,000 (Median Sales Price) $165,750 (Median Sales Price) $170,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Chicago
3,647
16.7
% (y-o-y)
$277,000
13.5
% (y-o-y)
65.7%
68.0
% (y-o-y)
Oak Park
79
27.5
% (y-o-y)
$328,750
1.3
% (y-o-y)
48.1%
55.9
% (y-o-y)
Park Ridge
60
1.6
% (y-o-y)
$370,000
15.4
% (y-o-y)
7.2%
25.9
% (y-o-y)
Melrose Park
50
9.1
% (y-o-y)
$129,500
17.7
% (y-o-y)
27.4%
11.8
% (y-o-y)
Franklin Park
32
5.9
% (y-o-y)
$160,000
18.5
% (y-o-y)
40.6%
29.6
% (y-o-y)
Maywood
32
45.5
% (y-o-y)
$70,000
29.6
% (y-o-y)
49.3%
35.2
% (y-o-y)
Harwood Heights
30
23.1
% (y-o-y)
$242,000
15.2
% (y-o-y)
22.7%
15.7
% (y-o-y)
Westchester
27
18.2
% (y-o-y)
$200,000
11.1
% (y-o-y)
43.1%
23.1
% (y-o-y)
Forest Park
26
10.3
% (y-o-y)
$198,250
27.9
% (y-o-y)
67.2%
41.0
% (y-o-y)
Riverside
24
4.0
% (y-o-y)
$250,000
37.4
% (y-o-y)
38.8%
10.4
% (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: 6.50%
Percentage of vacant homes: 8.50%