Elmwood Park Market Trends Update October 2025

Elmwood Park, Illinois, October 2025, Single Family Residence

What’s happening
- Inventory & Supply: 3.98 months supply of inventory, a 6% increase MoM, and a 1% increase YoY.
- Price Trends: Median sold price is $355,000, reflecting a 1% decrease MoM.
- Days on Market: Median days on market for sold listings increased by 50% MoM to 12 days.

Why it matters
- Affordability & Buying Power: The slight decrease in median sold prices could enhance buying power for first-time buyers.
- Market Opportunities: The increase in inventory may offer more options for move-up buyers looking to upgrade.

Now what
1. Evaluate Budget: Review your financial position in light of current price trends and increased inventory.
2. Expand Search: Consider exploring Elmwood Park's 64 active listings with a median price of $338,500.
3. Plan Visits: Schedule tours for the 42 new listings, noting their median list price of $379,900.

Elmwood Park is home to the beautiful Elmwood Park Circle and offers easy access to transportation options, making it a convenient spot for commuting.

For more insights and personalized guidance on purchasing a home in Elmwood Park, Illinois, connect with Erica McClain at HomeSmart Connect by emailing ericarealestate25@gmail.com.