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Peoria Standard

Tuesday, February 25, 2020

Elmwood home prices rise in May 2019

Real Estate

By Local Labs News Service | Jun 7, 2019

Re 6

The median sale price of a home sold in May 2019 in Elmwood rose by $29,500 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

In May 2019, there were five homes sold, with a median sale price of $106,000 - a 38.6% increase over the $76,500 median sale price for the same period of the previous year. There were five homes sold in Elmwood in May 2018, as well.

The median sales tax in Elmwood for the most recent year with available data, 2017, was $2,614, approximately 2.5% of the median home sale price for May 2019.

The following table compares Elmwood to other Peoria County cities with similar median sales prices in May 2019:

City
May 2019 Home Sales
May 2018 Home Sales
% change (Total Home Sales)
May 2019 Median Sales Price
May 2018 Median Sales Price
% change (Median Sales Price)
Dunlap
3
1
200%
$182,500
$268,500
-32%
Lake Camelot
6
5
20%
$172,750
$137,500
25.6%
Chillicothe
9
7
28.6%
$123,900
$118,625
4.4%
Rome
7
2
250%
$121,000
$89,000
36%
Bellevue
1
3
-66.7%
$120,000
$138,250
-13.2%
Elmwood
5
5
0%
$106,000
$76,500
38.6%
Peoria
189
178
6.2%
$105,500
$115,450
-8.6%
Bartonville
7
12
-41.7%
$97,000
$85,500
13.5%
Peoria Heights
9
4
125%
$93,700
$376,450
-75.1%
West Peoria
13
7
85.7%
$76,000
$62,800
21%
Hanna City
4
2
100%
$74,000
$91,250
-18.9%

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