Elwood home prices fell in January 2021

Medium realestate1

The median sale price of a home sold in January 2021 in Elwood fell by $22,000 while total sales remained unchanged with four homes sold, according to BlockShopper.com.

In January 2021, there were four homes sold, with a median sale price of $190,750 - a 10.3% decrease over the $212,750 median sale price for the same period of the previous year. There were four homes sold in Elwood in January 2020, as well.

The median sales tax in Elwood for the most recent year with available data, 2019, was $3,805, approximately 2% of the median home sale price for January 2021.

The following table compares Elwood to other Will County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Wellington Heights3250%$200,000$152,00031.6%
Custer Park20-$162,500$0-
Crest Hill262123.8%$152,500$170,000-10.3%

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