In March 2022, there were four homes sold, with a median sale price of $56,522 - a 33% increase over the $42,500 median sale price for the same period of the previous year. There were two homes sold in Elmwood in March 2021.
The median sales tax in Elmwood for the most recent year with available data, 2019, was $2,732, approximately 4.8% of the median home sale price for March 2022.
The following table compares Elmwood to other Peoria County cities with similar median sale prices in March 2022:
| City | Mar. 2022 Home Sales | Mar. 2021 Home Sales | % change (Total Home Sales) | Mar. 2022 Median Sales Price | Mar. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Chillicothe | 13 | 13 | 0% | $116,575 | $116,900 | -0.3% |
| Peoria | 214 | 222 | -3.6% | $107,250 | $98,000 | 9.4% |
| Bartonville | 14 | 15 | -6.7% | $106,450 | $109,750 | -3% |
| Bellevue | 2 | 4 | -50% | $99,250 | $144,500 | -31.3% |
| West Peoria | 14 | 8 | 75% | $86,250 | $78,500 | 9.9% |
| Hanna City | 1 | 3 | -66.7% | $86,000 | $156,000 | -44.9% |
| Peoria Heights | 14 | 12 | 16.7% | $85,000 | $73,750 | 15.3% |
| Glasford | 3 | 2 | 50% | $63,000 | $79,000 | -20.3% |
| Elmwood | 4 | 2 | 100% | $56,522 | $42,500 | 33% |
| Rome | 1 | 4 | -75% | $50,000 | $116,850 | -57.2% |
| Brimfield | 2 | 3 | -33.3% | $43,750 | $70,000 | -37.5% |
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