Elmwood Park Real Estate Market Finds Price Cuts Bottom

The Elmwood Park market is starting to head toward a higher price point. While sales came in at 32 homes sold over the last 30 days, price reductions are at their lowest number in three months, with 49 reported this week. In comparison, Chicago had 3,711 price reductions in the same time frame, the most of all nearby cities. Potential buyers should note that prices are coming down in Elmwood Park, and for this period the median sales price slid from $244,000 to $227,750. Along with the downward trend in price reductions, a relatively low three months of inventory indicates that Elmwood Park is a seller's market.

Want a more traditional home in Elmwood Park? Then start your search with these listings that were built before most others in the market:

$259K   $234K   $399K  

Get started right now by checking out Elmwood Park homes for sale or reviewing Elmwood Park real estate trends.

Demographic facts for Elmwood Park:

  • The population has decreased 2.6% over the past decade.
  • The safety rating here is 90. (Scale: 1 = Worst, 100 = Best)
  • The average work commute is 33 minutes.

Data reported through 10/13/2016

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Ask a local expert about this area:
Realty Exchange, Inc.
Snapped 2 homes in this area
American Realty & Associates Inc
Snapped 4 homes in this area
Baird & Warner
Snapped 1 home in this area

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