The median sale price of a home sold in September 2020 in Elwood rose by $33,600 while total sales increased by 66.7%, according to BlockShopper.com.
In September 2020, there were five homes sold, with a median sale price of $228,500 - a 17.2% increase over the $194,900 median sale price for the same period of the previous year. There were three homes sold in Elwood in September 2019.
The median sales tax in Elwood for the most recent year with available data, 2019, was $3,805, approximately 1.7% of the median home sale price for September 2020.
The following table compares Elwood to other Will County cities with similar median sales prices in September 2020:
| City | Sept. 2020 Home Sales | Sept. 2019 Home Sales | % change (Total Home Sales) | Sept. 2020 Median Sales Price | Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Shorewood | 20 | 15 | 33.3% | $248,900 | $239,000 | 4.1% |
| Crete | 14 | 14 | 0% | $246,950 | $184,000 | 34.2% |
| Frankfort Square | 14 | 12 | 16.7% | $235,500 | $216,500 | 8.8% |
| Cherry Hill | 2 | 0 | - | $233,750 | $0 | - |
| Willowbrook | 7 | 2 | 250% | $229,900 | $255,000 | -9.8% |
| Elwood | 5 | 3 | 66.7% | $228,500 | $194,900 | 17.2% |
| Lockport | 57 | 38 | 50% | $224,017 | $205,000 | 9.3% |
| Monee | 6 | 2 | 200% | $220,000 | $223,950 | -1.8% |
| Peotone | 4 | 7 | -42.9% | $210,000 | $144,900 | 44.9% |
| Romeoville | 51 | 41 | 24.4% | $207,000 | $215,000 | -3.7% |
| Forest Manor | 2 | 0 | - | $205,000 | $0 | - |
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