What happened to the median home price in Elmwood during May 2021?

Medium realestate4

The median sale price of a home sold in May 2021 in Elmwood rose by $55,000 while total sales decreased by 66.7%, according to BlockShopper.com.

In May 2021, there were three homes sold, with a median sale price of $134,900 - a 68.8% increase over the $79,900 median sale price for the same period of the previous year. There were nine homes sold in Elmwood in May 2020.

The median sales tax in Elmwood for the most recent year with available data, 2019, was $2,732, approximately 2% of the median home sale price for May 2021.

The following table compares Elmwood to other Peoria County cities with similar median sale prices in May 2021:

CityMay 2021 Home SalesMay 2020 Home Sales% change (Total Home Sales)May 2021 Median Sales PriceMay 2020 Median Sales Price% change (Median Sales Price)
Lake Camelot25-60%$263,500$204,00029.2%
Hanna City52150%$136,000$75,65079.8%
Peoria Heights9650%$92,500$78,50017.8%

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