Elmwood Park, IL Home Values & Market Trends
Real estate market trends reflect that there have been 312 transactions over the past year in Elmwood Park. The median value for residential home transactions that occurred over the previous year is $369,900. The number of current listings in Elmwood Park is 240, and the percentage of properties for sale in the city is 240.00%. Elmwood Park, IL currently has 55 properties in foreclosure, 6 bank owned properties, 6 properties headed for auction, and 240 properties for sale.
Elmwood Park, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60707 | $ 375,641 $ 260/sqft |
Housing Market Summary for Elmwood Park, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $365K | $309K | -15.34% |
| Median Sold Price | $368.3K | $328.2K | -10.88% |
| Homes For Sale | 207 | 240 | 15.94% |
| Homes Sold | 166 | 146 | -12.05% |
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 $76,724 to $850,000. The median estimated value of a home in Elmwood Park is $369,900. The median list price of a home is 309,450, and the total count of properties in the city is 486.
- Pre-ForeclosurePre-foreclosure homes account for 8.85% of all residential properties in Elmwood Park, IL with 60707 containing 66 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 $663,408 in 60707 to the lowest home value of $76,724 in 60707.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Elmwood Park, IL ranges from the highest value of $459,900 in 60707 to the lowest value of $115,000 in 60707. Bank owned homes and properties account for 1.23% of properties in Elmwood Park, IL. There is 1 zips within Elmwood Park, IL; 60707 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60707 has 10 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 1.23% 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 $515,389 in 60707 to the lowest value of $304,649 in 60707.
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Guide for Elmwood Park, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
