From April to June, 14 homes sold in Elmwood for a median price of $78,750. That's 35.7 percent lower than median home sale prices for the second quarter of 2017.
In the second quarter, there were no foreclosures in Elmwood.
Median property tax for homeowners in Elmwood was $2,587.62 in 2017 according to tax data from that year. That means homeowners pay 2.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Elmwood real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
11
$107,640
-
2010
15
$125,970
17%
2011
8
$70,211
-44.3%
2012
10
$107,093
52.5%
2013
12
$103,086
-3.7%
2014
24
$90,630
-12.1%
2015
11
$136,210
50.3%
2016
13
$89,250
-34.5%
2017
11
$122,400
37.1%
2018
14
$78,750
-35.7%
Median property tax
Median sale price
Effective property tax rate
2009
$2,106.09
$107,640
2%
2010
$2,951.90
$125,970
2.3%
2011
$1,908.38
$70,211
2.7%
2012
$2,286.51
$107,093
2.1%
2013
$2,467.95
$103,086
2.4%
2014
$1,946.26
$90,630
2.1%
2015
$2,583.02
$136,210
1.9%
2016
$2,363.99
$89,250
2.6%
2017
$2,587.61
$122,400
2.1%
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