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: