From July to September, 7 homes sold in Elmwood for a median price of $69,000. That's 47.3 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Elmwood.
Median property tax for homeowners in Elmwood was $3,685.56 in 2017 according to tax data from that year. That means homeowners pay 2.8 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
13
$157,950
-
2010
9
$80,940
-48.8%
2011
5
$111,870
38.2%
2012
10
$91,315
-18.4%
2013
9
$96,120
5.3%
2014
11
$92,220
-4.1%
2015
13
$68,900
-25.3%
2016
10
$70,350
2.1%
2017
16
$130,815
85.9%
2018
7
$69,000
-47.3%
Median property tax
Median sale price
Effective property tax rate
2009
$3,871.45
$157,950
2.5%
2010
$1,779.60
$80,940
2.2%
2011
$2,087.01
$111,870
1.9%
2012
$2,896.21
$91,315
3.2%
2013
$2,226.35
$96,120
2.3%
2014
$2,252.96
$92,220
2.4%
2015
$1,794.24
$68,900
2.6%
2016
$1,774.46
$70,350
2.5%
2017
$3,685.55
$130,815
2.8%
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