Ronald Gibson sells 1704 N. 78th Ave., Elmwood Park

The home at 1704 N. 78th Ave., Elmwood Park, was sold on June 2 by Ronald Gibson for $354,500.

Clarence Real Estate LLC was listed as the buyer.

Property taxes on the home totaled $8,666 in 2024, or 2.4% of the sale price.

This property is one of 34 sales in Elmwood Park, Cook County, between May 2 and June 2.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.