Current Price

$325,115

1 Month Forecast

â–² $349,181

1-Year Forecast *

â–² $362,796

5-Year Forecast *

â–² $406,582

"Is it a good time to buy homes in Elmwood Park?" "Does investing in real estate in Elmwood Park (Illinois State, Cook County) worth it?" According to our live Forecast System, buying a house in Elmwood Park is a good short-term (1-year) investment*. The Elmwood Park average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Elmwood Park" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Elmwood Park in Illinois State, Cook County. If you are looking for homes for sale with good flipping profit, Elmwood Park can be a profitable property investment option. The median price of an average house in Elmwood Park was 325,115 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Elmwood Park" area is 406,582 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +25.06% meaning that investing 100000 USD today may yield a profit of 25,058 USD by 2031.

Current Median Listing Price: 325,115 USD Median Listing Price Per Square Foot: 181 USD

Elmwood Park Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Elmwood Park (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Elmwood Park Price Target

Elmwood Park median home price target in 12 months: $362,796* (upside of 11.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $345,886 $347,010 $345,886 $347,554
2024 $306,076 $325,115 $306,076 $325,115
2023 $291,385 $306,698 $291,326 $307,178
2022 $284,207 $292,375 $284,207 $303,218
2021 $259,566 $282,313 $259,566 $283,356
2020 $239,608 $256,448 $239,608 $256,448
2019 $237,746 $238,567 $237,746 $242,140
2018 $227,777 $237,640 $227,777 $238,615
2017 $213,089 $225,387 $213,089 $225,387
2016 $198,394 $212,001 $198,394 $212,001
2015 $183,423 $196,386 $182,611 $196,386
2014 $170,164 $183,901 $170,164 $183,901
2013 $140,990 $167,892 $140,990 $167,892
2012 $151,100 $140,321 $140,262 $151,100

Questions & Answers about the Elmwood Park Housing Market Forecast

How much does an average home cost in Elmwood Park today?

The value of an average home (the listing price) in Elmwood Park is $325,115 USD.

What is the average price per square foot in Elmwood Park?

According to Walletinvestor the median price per square foot in Elmwood Park is 181 USD.

Will the median listing price of homes in Elmwood Park grow / rise / go up?

Yes. The Elmwood Park home prices may rise from 325,115 USD to 362,796 USD in one year.

Is it profitable to invest in Elmwood Park homes?

Yes. The long-term profit potential is +11.59% in one year.

Will Elmwood Park house prices fall / drop?

No. See above.

What is the predicted price of a Elmwood Park home in 2030?

The predicted home sales price of a Elmwood Park home in 2030 in Elmwood Park is 396,885 USD.

What is the predicted price of a Elmwood Park home in 2035?

The predicted home sales price of a Elmwood Park home in 2035 in Elmwood Park is 464,936 USD.

Will real estate prices decrease in Elmwood Park?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Elmwood Park is the 2606. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Cook, Elmwood Park decreased, looking at the past 12 months.

According to Walletinvestor's Elmwood Park real estate market research, home values will increase in the next 12 months.

Median home values decreased by 6.356% to 325,115 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 10.030% in 2021
  • 13.340% in 2022
  • 11.740% in 2023
  • 13.020% in 2024
  • 9.730% in 2025
  • 11.200% in 2026

Based on our Elmwood Park real estate market research and report the predicted sales prices will increase by 199.407% in the next 10 years.

Over the last 12 months, the value of homes in Elmwood Park fluctuated: increasing 2 times and decreasing 2 times.

Elmwood Park (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Elmwood Park Housing Market Forecast with Real Estate Prices for 2025
August 2025 349181 331024 367338
September 2025 351365 322553 380177
October 2025 353564 324218 382909
November 2025 355775 334073 377478
December 2025 357387 332727 382047
Elmwood Park Housing Market Forecast with Real Estate Prices for 2026
January 2026 356966 323411 390521
February 2026 356144 336912 375376
March 2026 355663 325076 386250
April 2026 356072 329366 382777
May 2026 358299 329635 386963
June 2026 360541 326650 394432
July 2026 362796 337401 388192
August 2026 365066 343162 386970
September 2026 367350 336860 397840
October 2026 368823 348538 389109
November 2026 368119 341615 394624
December 2026 366560 348232 384888
Elmwood Park Housing Market Forecast with Real Estate Prices for 2027
January 2027 365008 331427 398588
February 2027 363462 341654 385269
March 2027 361922 328263 395581
April 2027 360961 338581 383341
May 2027 359738 336355 383121
June 2027 359665 340963 378368
July 2027 361006 333570 388443
August 2027 363265 340742 385787
September 2027 365537 332639 398436
October 2027 367760 339075 396445
November 2027 370061 351188 388934
December 2027 372376 349288 395463
Elmwood Park Housing Market Forecast with Real Estate Prices for 2028
January 2028 374705 354471 394939
February 2028 376232 343876 408588
March 2028 376470 342212 410729
April 2028 375883 352202 399563
May 2028 375120 355239 395001
June 2028 376534 339257 413811
July 2028 378890 342138 415642
August 2028 381260 352666 409855
September 2028 383645 358708 408582
October 2028 386045 361725 410366
November 2028 387973 356935 419011
December 2028 389414 365270 413558
Elmwood Park Housing Market Forecast with Real Estate Prices for 2029
January 2029 390575 366750 414401
February 2029 391189 364979 417398
March 2029 392042 355582 428502
April 2029 392946 373299 412593
May 2029 395404 359027 431781
June 2029 396422 369862 422982
July 2029 396885 373865 419904
August 2029 397312 372281 422342
September 2029 397033 371623 422443
October 2029 396325 376113 416538
November 2029 396690 362574 430805
December 2029 399171 366040 432302
Elmwood Park Housing Market Forecast with Real Estate Prices for 2030
January 2030 401668 367125 436212
February 2030 404181 375889 432474
March 2030 406710 376613 436806
April 2030 408552 373008 444096
May 2030 408071 386035 430106
June 2030 407131 371711 442551
July 2030 406582 365923 447240
August 2030 407048 382219 431878
September 2030 409595 369864 449326
October 2030 412157 373415 450900
November 2030 414736 392755 436717
December 2030 417330 378519 456142
Elmwood Park Housing Market Forecast with Real Estate Prices for 2031
January 2031 419941 393485 446398
February 2031 421626 396328 446923
March 2031 420821 397255 444387
April 2031 419038 390125 447952
May 2031 417264 378875 455652
June 2031 415496 390982 440011
July 2031 413737 374432 453042
August 2031 412638 385816 439459
September 2031 411240 378341 444139
October 2031 411157 379909 442404
November 2031 412690 382563 442816
December 2031 415271 384541 446001
Elmwood Park Housing Market Forecast with Real Estate Prices for 2032
January 2032 417869 395722 440016
February 2032 420410 386357 454463
March 2032 423040 391735 454345
April 2032 425687 383544 467830
May 2032 428350 400935 455764
June 2032 430095 402999 457191
July 2032 430368 389483 471253

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.