Elwood home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Elwood rose by $500 while total sales remained unchanged with 13 homes sold, according to BlockShopper.com.

From July through September of 2020, there were 13 homes sold, with a median sale price of $185,500 - a 0.3% increase over the $185,000 median sale price for the same period of the previous year. There were 13 homes sold in Elwood in the third quarter of 2019, as well.

The median sales tax in Elwood for the most recent year with available data, 2019, was $3,805, approximately 2.1% of the median home sale price for the third quarter of 2020.

The following table compares Elwood to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Crystal Lawns145180%$194,500$207,000-6%
Wellington Heights24-50%$193,000$182,0006%
Crest Hill77752.7%$186,000$175,0006.3%
Arbury Hills113266.7%$185,000$207,000-10.6%
Wolf Creek Island31200%$185,000$170,0008.8%
Lakewood Falls59-44.4%$175,000$168,5003.9%

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