$5,700 Closing Credit*
$480,000
3,218 SqFt
5 Beds
•3 Full Baths
#1900338, Debra Swenson, Listing Office: Berkshire Hathaway HomeServices Metro Realty-Racine
Is Elmwood Park, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Elmwood Park has remained a Seller's Market.
Key Takeaway
Elmwood Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elmwood Park, WI
How much do homes in Elmwood Park, WI cost?
Median Sold Price
$336,436
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,986(+10.9%)
Key Takeaway
Homes in Elmwood Park have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Elmwood Park was $336,436 in November 2024, up 10.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $221.5K | $332K | +49.9% |
| 3 Bedrooms | $270K | $323.9K | +20.0% |
| 4 Bedrooms | $318.5K | $348K | +9.3% |
| 5+ Bedrooms | $299.9K | - | N/A |
Summary: Elmwood Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.9%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elmwood Park | $303.4K | $336.4K | +10.9% |
| Mount Pleasant | $266.5K | $285K | +6.9% |
| Racine | $197K | $203.1K | +3.1% |
Housing Supply in Elmwood Park, WI
How many homes are available in Elmwood Park, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The Elmwood Park real estate market had 3 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Elmwood Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elmwood Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elmwood Park in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elmwood Park, WI
We’re sorry, we don't have information for this market at the moment