Why Live in Elmwood Park
Elmwood Park, located just east of downtown Detroit, is a diverse community known for its affordability compared to neighboring Lafayette Park. The neighborhood features a mix of co-ops, condos, and townhouses, catering to middle-income residents. Elmwood Park offers easy access to downtown Detroit, the Financial District, Detroit Medical Center, and Wayne State University, all within a 3-mile radius. Entertainment options are plentiful, with the Aretha Franklin Amphitheatre and Greektown nearby. Elmwood Park is well-connected by the Chrysler and Fisher Freeways, main streets like Jefferson and Gratiot, and multiple bus routes. Shopping and dining options are abundant, with Family Fair grocery store, Meijer, Chene Square shopping mall, and numerous restaurants, including the popular Mr. Fish. Elmwood Central Park provides green space with walking trails and picnic areas, while the Coleman A. Young Center offers fitness classes and community events, though it is temporarily closed for construction. The adjacent Dequindre Cut greenway adds to the recreational features of the area. Housing options range from affordable units needing renovation to new luxury developments.
Home Trends in Elmwood Park, MI
On average, homes in Elmwood Park, Detroit sell after 71 days on the market compared to the national average of 51 days. The median sale price for homes in Elmwood Park, Detroit over the last 12 months is $199,000, up 44% from the median home sale price over the previous 12 months.
Median Sale Price
$199,000
Median Single Family Sale Price
$222,000
Median Townhouse Sale Price
$184,950
Median 2 Bedroom Sale Price
$199,000
Average Price Per Sq Ft
$167
Number of Homes for Sale
17
Last 12 months Home Sales
28
Median List Price
$205,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
44%
