Today I’ll be continuing my series on real estate market activity in the greater Peoria area by telling you about Elmwood, Illinois.

This Peoria County community, which boasts an array of public museums and parks, had a population of just 1,945 as of the 2000 Census.

If you’ve been thinking about investing in this quaint and charming community, then continue reading to learn about recent real estate market activity in Elmwood.

Elmwood, Ill., Homes for Sale

Here’s a look at the current state of the Elmwood real estate market, based on the most recent data from Trulia:

  • Currently there are 32 resale and new homes on the market, including 1 in the pre-foreclosure, auction or bank-owned stages.
  • Between August and October, the median sales price for an Elmwood home was $108,500, which is a 171.3 percent increase when compared to the same period last year.
  • Last year, the median sales price for a home was $40,000.
  • For the week ending on Nov. 9, the average listing price for an Elmwood home was $104,656, which is a 5.4 percent decrease when compared to the week before.
  • Home sales prices in Elmwood have appreciated 6.4 percent over the last 5 years.

Investing in Elmwood, Illinois Real Estate

I hope you found the above information helpful as an Elmwood area home buyer.

As your Peoria REALTOR, I believe in providing my clients with the most up-to-date information on the local housing market.  This information has proven invaluable in helping my clients make educated decisions on the Peoria area real estate market.

If you’re interested in learning more about relocating to Elmwood, or any other community in the greater Peoria area, then contact me, Mary Ann Knell, today.

While you’re at it, feel free to browse some of my other helpful home buyer resources, such as:

Until next time,

Mary Ann