Elmwood Park, IL Housing Market Report – March 2025
As of March 2025, Elmwood Park, Illinois, continues to showcase an active and competitive housing market. Here’s an overview of the latest data on home prices, market activity, and competitiveness:
Median Home Prices:
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Zillow: The average home value in Elmwood Park is approximately $327,951, reflecting a 6.3% year-over-year increase. (zillow.com)
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Redfin: The average sale price was $303,000 last month, marking a 16.9% decrease compared to the previous year. (redfin.com)
Market Activity:
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Homes for Sale: In February 2025, Elmwood Park had 89 active listings, a 29% increase from January 2025. (rocket.com)
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Homes Sold: The market experienced a 0% change in homes sold from January to February 2025, maintaining 17 sales. (rocket.com)
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Westwood Neighborhood: In February 2025, Westwood saw a median sale price of $421,000, an 18.6% year-over-year increase. (redfin.com)
Market Competitiveness:
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Redfin Market Score: Elmwood Park’s market is rated as somewhat competitive, scoring 49 out of 100. Homes typically receive multiple offers and remain on the market for an average of 31 days. (redfin.com)
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Bowers Realty Group Analysis: As of January 2025, the market reflected a 7-month inventory, indicating a buyer's market. (teambowersrealtors.com)
Outlook: The Elmwood Park housing market shows mixed trends, with areas like Westwood seeing rising home values while overall home prices have experienced slight fluctuations. Inventory has increased, and the market remains competitive. It’s crucial for buyers and sellers to stay informed on local market conditions to make the most of opportunities.
For more insights or personalized real estate guidance in Elmwood Park, contact Frank "Campo" Campobasso at Century 21 Circle.
Frank "Campo" Campobasso
Century 21 Circle
Phone: 773-425-6265
