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Belmont Cragin Conti Circle (Conti) Cragin (Belmont Cragin) Ellsworth Galewood Montclare

ELMWOOD PARK, IL 60707

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60707

Belmont Cragin · Conti Circle (Conti) · Cragin (Belmont Cragin) · Ellsworth · Galewood · Montclare

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELMWOOD PARK, IL real estate market (60707) currently shows 101 active listings, with 49 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 34 days on market compared to 35 days last year.

The median listing price has fallen 17.3% year-over-year, from $377,700 to $312,450.

Whether you are buying or selling in ELMWOOD PARK, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 40,845  ·  Density: 4,407.7/mi²  ·  Median household income: $76,343

Typical home value: $308,297  ·  Homeownership: 63.0%

Market Overview

Active Listings
101
⇩ 9% vs 111 last year
Pending
49
49% pending ratio
Median Price
$312,450
⇩ 17.3% vs $377,700 last year
Average Price
$342,490
⇩ 12.1% vs $389,615 last year
Days on Market
34
⇩ 2.9% vs 35 days last year

Price Per Square Foot

Median $/sqft
$216
⇩ 2.3% vs $221/sqft last year
Median Home Size
1,230 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 101 this year vs 111 last year
  • Days on market: 34 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $312,450 (-17.3% YoY)
  • Average: $342,490 (-12.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.2 miles — 573 listings ($227,348,005 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60707Elmwood Park, IL 607070.0 mi80$26,320,240$247,975$329,003
60634Chicago, IL 606341.7 mi104$53,254,864$487,500$512,066
60302Oak Park, IL 603022.1 mi65$31,298,475$394,450$481,515
60639Chicago, IL 606392.6 mi30$11,268,150$397,250$375,605
60160Melrose Park, IL 601603.1 mi18$6,435,648$325,000$357,536
60304Oak Park, IL 603043.5 mi29$15,266,383$454,900$526,427
60651Chicago, IL 606513.7 mi64$22,931,840$357,500$358,310
60130Forest Park, IL 601303.8 mi40$11,166,560$196,975$279,164
60165Stone Park, IL 601654.0 mi6$2,474,442$407,400$412,407
60176Schiller Park, IL 601764.1 mi24$7,441,392$300,000$310,058
60104Bellwood, IL 601044.5 mi57$15,040,248$284,500$263,864
60631Chicago, IL 606315.1 mi33$17,807,064$489,900$539,608
60624Chicago, IL 606245.2 mi23$6,642,699$247,075$288,813

Frequently Asked Questions

How many homes are for sale in ELMWOOD PARK, IL 60707?

As of March 2026, there are 101 active listings in ELMWOOD PARK, IL (zip code 60707), compared to 111 the prior year.

What is the median home price in ELMWOOD PARK, IL 60707?

The median listing price in ELMWOOD PARK, IL 60707 is $312,450 as of March 2026, a 17.3% decrease from $377,700 the prior year.

How long do homes stay on the market in ELMWOOD PARK, IL?

Homes in ELMWOOD PARK, IL 60707 spend an average of 34 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in ELMWOOD PARK, IL 60707?

Based on current inventory and days-on-market data as of March 2026, ELMWOOD PARK, IL 60707 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 34 days on market compared to 35 days last year.

How much can I save on real estate commission in ELMWOOD PARK, IL?

With SELL123.com's maximum 3% commission, sellers in ELMWOOD PARK, IL 60707 save an estimated $6,249 compared to a typical 5% commission on the median listing price of $312,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.