From January through December of 2017, there were 41 homes sold, with a median sale price of $108,700 - a 35.9% increase over the $80,000 median sale price for the previous year. There were 45 homes sold in Elmwood in 2016.
The median sales tax in Elmwood for 2017 was $2,614. In 2016, the median sales tax was $2,478. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.
The following table compares Elmwood to other Peoria County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Dunlap | 33 | 21 | 57.1% | $212,000 | $143,500 | 47.7% |
| Lake Camelot | 32 | 33 | -3% | $175,500 | $176,000 | -0.3% |
| Rome | 29 | 25 | 16% | $114,050 | $93,500 | 22% |
| Chillicothe | 121 | 118 | 2.5% | $110,000 | $101,500 | 8.4% |
| Peoria | 1,858 | 1,864 | -0.3% | $110,000 | $110,000 | 0% |
| Elmwood | 41 | 45 | -8.9% | $108,700 | $80,000 | 35.9% |
| Princeville | 28 | 35 | -20% | $97,500 | $102,500 | -4.9% |
| Brimfield | 17 | 7 | 142.9% | $90,000 | $85,000 | 5.9% |
| Mapleton | 9 | 7 | 28.6% | $88,000 | $37,500 | 134.7% |
| Norwood | 9 | 10 | -10% | $86,500 | $52,500 | 64.8% |
| Hanna City | 29 | 25 | 16% | $83,000 | $105,000 | -21% |
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