Altos Market Data for Realtors

Elmwood Park, IL

Single-Family Homes

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Elmwood Park, IL

Wed Oct 20 2021
This week the median list price for Elmwood Park, IL is $354,945 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 78. Click here to stay informed with the Elmwood Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Elmwood Park, IL

Wed Oct 20 2021
This week the median list price for Elmwood Park, IL is $354,945 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 78. Click here to stay informed with the Elmwood Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Elmwood Park market.
Median List Price $354,945
Median Price of New Listings $352,450
Per Square Foot $215
Average Days on Market 55
Median Days on Market 42
Price Decreased 49%
Price Increased 1%
Relisted 28%
Inventory 78
Median Rent $2,000
Market Action 40
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$520,000 2,051 4,500 - 6,500 sqft 4 3 67 2 0 49
$409,000 2,037 0 - 4,500 sqft 4 2 91 3 5 35
$342,450 1,365 0 - 4,500 sqft 3 2 91 2 0 42
$274,900 1,269 0 - 4,500 sqft 3 1 91 5 6 45