From October to December, 9 homes sold in Elmwood for a median price of $96,500. That's 45.6 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Elmwood.
Median property tax for homeowners in Elmwood was $2,802.61 in 2017 according to tax data from that year. That means homeowners pay 4.2 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$62,010
-
2010
9
$100,320
61.8%
2011
2
$95,485
-4.8%
2012
11
$57,770
-39.5%
2013
18
$74,520
29%
2014
6
$102,290
37.3%
2015
8
$77,804
-23.9%
2016
16
$81,703
5%
2017
8
$66,300
-18.9%
2018
9
$96,500
45.6%
Median property tax
Median sale price
Effective property tax rate
2009
$1,071.75
$62,010
1.7%
2010
$3,230.42
$100,320
3.2%
2011
$3,026.82
$95,485
3.2%
2012
$1,095.82
$57,770
1.9%
2013
$1,930.75
$74,520
2.6%
2014
$3,402.84
$102,290
3.3%
2015
$1,991.43
$77,804
2.6%
2016
$2,050.75
$81,703
2.5%
2017
$2,802.61
$66,300
4.2%
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