In August 2017, there were three homes sold, with a median sale price of $164,000 - a 5.5% increase over the $155,488.50 median sale price for the same period of the previous year. There were six homes sold in Elwood in August 2016.
The median sales tax in Elwood for 2017 was $3,500.82. In 2016, the median sales tax was $3,445.60. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.
The following table compares Elwood to other Will County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Joliet | 163 | 273 | -40.3% | $170,000 | $140,000 | 21.4% |
| Crest Hill | 22 | 35 | -37.1% | $167,750 | $149,900 | 11.9% |
| Minooka | 3 | 2 | 50% | $167,500 | $305,000 | -45.1% |
| Peotone | 9 | 12 | -25% | $167,000 | $146,250 | 14.2% |
| Crystal Lawns | 5 | 5 | 0% | $166,000 | $145,013 | 14.5% |
| Elwood | 3 | 6 | -50% | $164,000 | $155,488.50 | 5.5% |
| Boula | 1 | 1 | 0% | $163,000 | $148,500 | 9.8% |
| Wilmington | 5 | 7 | -28.6% | $158,900 | $155,000 | 2.5% |
| Lakewood Falls | 4 | 1 | 300% | $157,000 | $77,000 | 103.9% |
| Wolf Creek Island | 3 | 0 | - | $157,000 | $0 | - |
| Crete | 11 | 31 | -64.5% | $157,000 | $155,150 | 1.2% |
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