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Featured local agent — Elmwood Park, IL
Sarah Mitchell
Compass Real Estate · Elmwood Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elmwood Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$399,000median sale price
How is the Elmwood Park, IL housing market right now?
The median home sale price in Elmwood Park, IL is $399,000. Homes sell in an average of 51 days with 70 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elmwood Park a buyer's or seller's market?
Elmwood Park, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 51 days. How we determine this →
Homes sold
35
Last 12 weeks
Days on market
51
Average pace
Active listings
70
2.0 months supply
Sale-to-list
101.0%
Above asking
What does the Elmwood Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $399,000 |
| Median list price | $424,900 |
| Average days on market | 51 days |
| Active inventory | 70 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $242/sq ft |
| Homes sold (latest month) | 35 |
| New listings (latest month) | 34 |
| Listings with a price cut | 14.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elmwood Park by property type?
How the Elmwood Park, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $416,975 | $256/sq ft | 20 | 46 days |
| Condo / Co-op | $181,000 | $214/sq ft | 10 | 55 days |
| Townhouse | $360,000 | $175/sq ft | 1 | 51 days |
Source: Redfin · Updated monthly
The Elmwood Park housing market is currently classified as a seller's market with a median sale price of $399,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 51 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Elmwood Park
There are currently 70 homes listed for sale in Elmwood Park, Illinois. The median listing price is $425K.
Active listings
70
Homes on market
Median list price
$425K
Avg. days on market
51
Days until sale
New this week
34
Newly listed
Who lives in Elmwood Park?
Population
23,982
Median income
$84,121/yr
Median age
40.3 years
Owner-occupied
62.4%
College grads
29.5%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Elmwood Park?
Zillow home value
$351,110
Zillow rent index
$1,686/mo
Price-to-rent ratio
17.4x
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Elmwood Park?
Elmwood Park is a community of approximately 24K residents with a median age of 40.3 years.The median household income is $84,121, which reflects a relatively affluent area with strong earning potential. 29.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.4%, showing a blend of owner and renter-occupied properties. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Elmwood Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elmwood Park?
4 schools tracked · 2,877 students
The largest public schools serving Elmwood Park, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elmwood Park High School
Grades 9-12 · 1,022 students
John Mills Elem School
Grades PK-5 · 692 students
Elm Middle School
Grades 6-8 · 622 students
Elmwood Elem School
Grades K-5 · 541 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elmwood Park, IL?
Want a head-to-head view? Compare Elmwood Park side-by-side with any other U.S. city using our market-comparison tool.
Is Elmwood Park a good real estate investment market?
For investors evaluating Elmwood Park, the price-to-rent ratio of 17.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elmwood Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elmwood Park's median home price.
Frequently asked questions
What is the average home price in Elmwood Park?
The median home sale price in Elmwood Park is $399,000, down 0.0% from last year.
How long do homes stay on market in Elmwood Park?
Homes typically spend 51 days on market before going under contract.
What is the median income in Elmwood Park?
The median household income is $84,121 per year.
Is Elmwood Park a buyer's or seller's market?
With 2.0 months of supply, Elmwood Park is currently a seller's market.
What is the Zillow home value estimate for Elmwood Park?
The Zillow Home Value Index (ZHVI) for Elmwood Park is $351,110, representing the typical home value in the area.
What is the median condo price in Elmwood Park?
The median condo/co-op sale price in Elmwood Park, IL is $181,000, compared to $416,975 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elmwood Park?
The median single-family home price in Elmwood Park, IL is $416,975 (about $256 per square foot).
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