The typical home value in
Elmwood
is projected to be
$374,500
for the month of
October.
September’s
finalized data reported the typical value of a home in the
neighborhood
to be
$378,000—down
2.45%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$397,000
in
St. Louis Park
for the most recent reporting period.
That number is expected to float around
$397,500
in
October.
Elmwood
had
10
new listings and
11
listings that went under contract in
September,
decreasing
the area’s total available inventory to
4—down
42.86%
from the previous month. Inventory is projected to have further
decreased
in
October.
The median listing price for homes in
Elmwood
fell
4.97%
from
August
to
September,
bringing the current median listing price to
$344,450.
Based on projected data for
October,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
September 2025,
the median time for a listed property to go pending was
34
days, compared to
31
days in
September 2024.
However, in recent months the median number of days from listed to pending appears to be
falling.
That trend is predicted to have carried through to this
October.
