The median sale price of a home sold in August 2021 in Elwood rose by $72,100 while total sales decreased by 20%, according to BlockShopper.com.
In August 2021, there were four homes sold, with a median sale price of $256,000 - a 39.2% increase over the $183,900 median sale price for the same period of the previous year. There were five homes sold in Elwood in August 2020.
The median sales tax in Elwood for the most recent year with available data, 2019, was $3,805, approximately 1.5% of the median home sale price for August 2021.
The following table compares Elwood to other Will County cities with similar median sale prices in August 2021:
| City | Aug. 2021 Home Sales | Aug. 2020 Home Sales | % change (Total Home Sales) | Aug. 2021 Median Sales Price | Aug. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Channahon | 14 | 12 | 16.7% | $291,950 | $350,000 | -16.6% |
| Shorewood | 27 | 22 | 22.7% | $289,900 | $310,000 | -6.5% |
| Tinley Park | 11 | 12 | -8.3% | $285,000 | $306,000 | -6.9% |
| Frankfort Square | 14 | 17 | -17.6% | $270,000 | $239,900 | 12.5% |
| Manhattan | 23 | 27 | -14.8% | $257,000 | $274,000 | -6.2% |
| Elwood | 4 | 5 | -20% | $256,000 | $183,900 | 39.2% |
| Lockport | 64 | 61 | 4.9% | $251,000 | $235,000 | 6.8% |
| Carillon | 3 | 4 | -25% | $240,000 | $173,875 | 38% |
| Monee | 12 | 8 | 50% | $235,000 | $214,500 | 9.6% |
| Cherry Hill | 1 | 1 | 0% | $234,000 | $255,000 | -8.2% |
| Romeoville | 56 | 50 | 12% | $232,500 | $231,500 | 0.4% |
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