The median sale price of a home sold in April in Elwood fell by $2,500 while total sales decreased by 16.7 percent, according to BlockShopper.com.
In April, there were five homes sold, with a median sale price of $220,000 - a 1.1 percent decrease from the $222,500 median sale price for the same period of the previous year. There were six homes sold in Elwood in April 2021.
The median sales tax in Elwood for the most recent year with available data, 2019, was $3,805, approximately 1.7 percent of the median home sale price for April.
The following table compares Elwood to other Will County cities with similar median sale prices in April:
| City | April 2022 Home Sales | April 2021 Home Sales | % change (Total Home Sales) | April 2022 Median Sales Price | April 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mokena | 21 | 25 | -16 | $250,000 | $287,500 | -13 |
| Joliet | 125 | 169 | -26 | $230,000 | $200,000 | 15 |
| Wilton | 1 | 1 | 0 | $230,000 | $212,000 | 8.5 |
| Beecher | 6 | 2 | 200 | $227,000 | $196,500 | 15.5 |
| Crystal Lawns | 5 | 2 | 150 | $225,000 | $116,500 | 93.1 |
| Elwood | 5 | 6 | -16.7 | $220,000 | $222,500 | -1.1 |
| Crete | 24 | 22 | 9.1 | $212,500 | $170,500 | 24.6 |
| Wilmington | 9 | 8 | 12.5 | $211,000 | $133,950 | 57.5 |
| Crest Hill | 22 | 30 | -26.7 | $197,450 | $195,000 | 1.3 |
| University Park | 6 | 9 | -33.3 | $182,250 | $150,000 | 21.5 |
| Spencer | 1 | 0 | - | $163,000 | $0 | - |
Alerts Sign-up