Elmhurst Real Estate Market Conditions – September 2021

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Elmhurst Real Estate Market Update

The Elmhurst Real Estate Market continues to see good market conditions despite the low inventory. Single family home sales increased 3.6% and inventory decreased more than 36% in September.

Elmhurst Market Times

Single family home market times decreased in September. Homes were on the market for an average of 50 days compared to 62 days last year at the same time, a 19.4% decrease. The average time a condo/townhome stayed on the market was 66 days compared to last year when it was 48 days, an increase of 37.5%.

Elmhurst Real Estate Market Conditions - September 2021

 

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.3 month supply at the end of September, a 36.1% decrease compared to last year at this time when the months supply was 3.6 months. The supply of condos and townhomes decreased 42.4% in September with 3.4 months supply this year compared to last year when the months supply was 5.9.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst Homes For Sale

At the end of September there were 146 single family homes for sale in Elmhurst, a decrease of 24.7% from last year when there were 194 homes for sale. The number of condos and townhomes for sale decreased 24.5% in September with 40 for sale this year compared to last year when there were 53 for sale.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst New Listings

September single family home new listings decreased with 107 new listings compared to 118 last year at the same time, a 9.3% decrease. Condo and townhome new listings increased with 29 new listings compared to 26 last year at the same time, an 11.5% increase.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 58 closings this September compared to 56 last year, a 3.6% increase. Condo and townhome closings increased 62.5% with 13 closings this September, compared to the same time last year when there were 8 closings.

Elmhurst Real Estate Market Conditions - September 2021

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Buffalo Grove Real Estate Market Conditions – September 2021

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Buffalo Grove Real Estate Market Update

The Buffalo Grove Real Estate Market continues to see good market conditions despite the low inventory. Single family home sales increased more than 18% and inventory decreased more than 62% in September.

Market Times

Single family home market times decreased in September. Homes were on the market for an average of 17 days compared to 75 days last year at the same time, a 77.3% decrease. The average time a condo/townhome stayed on the market was 40 days compared to last year when it was 74 days, a decrease of 45.9%.

Buffalo Grove Real Estate Market Conditions - September 2021

Months Supply

Single family home inventories in Buffalo Grove had a 0.9 month supply at the end of September, a 62.5% decrease compared to last year at this time when the months supply was 2.4 months. The supply of condos and townhomes decreased 54.1% in September with a 1.7 month supply this year compared to last year when the months supply was 3.7 months.

Buffalo Grove Real Estate Market Conditions - September 2021

Homes For Sale

At the end of September there were 41 single family homes for sale in Buffalo Grove, a decrease of 50% from last year when there were 82 homes for sale. The number of condos and townhomes for sale decreased 36% in September with 71 for sale this year compared to last year when there were 111 for sale.

Buffalo Grove Real Estate Market Conditions - September 2021

New Listings

September single family home new listings decreased with 45 new listings compared to 67 last year at the same time, a 32.8% decrease. Condo and townhome new listings decreased with 44 new listings compared to 51 last year at the same time, a 13.7% decrease.

Buffalo Grove Real Estate Market Conditions - September 2021

Real Estate Closings

The number of single family home sales increased with 44 closings this September compared to 37 last year, an 18.9% increase. Condo and townhome closings decreased 17.4% with 38 closings this September, compared to the same time last year when there were 46 closings.

Buffalo Grove Real Estate Market Conditions - September 2021

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Addison Real Estate Market Conditions – September 2021

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Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home sales decreased more than 5% in September and market times decreased more than 36%.

Addison Home Sales

Addison single family home sales decreased 5.4% in September with 35 home sales compared to last year at the same time when there were 37. Condo and townhome sales decreased 6.7% with 14 closing this year compared to 15 closings last year the same time.

Addison Real Estate Market Conditions - September 2021

Addison Market Times

Addison single family home market times decreased during September. Single family homes were on the market for an average of 38 days, compared to 60 days last year at the same time, a 36.7% decrease. Condo/townhome market times decreased 75.9%. This year the average market time was 14 days compared to 58 days last year.

Addison Real Estate Market Conditions - September 2021

Addison New Listings

During September, 46 single family homes were listed for sale in Addison, that’s an increase of 2.2% compared to the 45 new listings last year. New condos/townhomes had 17 new listings this September compared to the 28 new listings last year.at the same time, a decrease of 39.3%.

Addison Real Estate Market Conditions - September 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. September ended with 1.3 months of supply, a 48% decrease from last year at the same time when there was a 2.5 month supply. The months supply of condos/townhomes was 1.8 months of supply this September, a 52.6% decrease from last year at the same time when there was a 3.8 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - September 2021

Addison Homes For Sale

At the end of September there were 43 single family homes for sale in Addison, a 36.8% decrease from last year when there 68 homes for sale. The number of condos and townhomes for sale decreased with 23 for sale this year, a 42.5% decrease from last year when there were 40 for sale.

Addison Real Estate Market Conditions - September 2021

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Addison Real Estate Market Conditions – August 2021

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Addison Real Estate Market Update

The Addison Real Estate Market continues to see good market conditions despite the extremely low inventory. Condo and townhome sales increased more than 85% in August and the monthly inventory supply decreased more than 44%.

Addison Home Sales

Addison single family home sales decreased 12.9% in August with 27 home sales compared to last year at the same time when there were 31. Condo and townhome sales increased 85.7% with 13 closing this year compared to 7 closings last year the same time.

Addison Real Estate Market Conditions - August 2021

Addison Market Times

Addison single family home market times decreased during August. Single family homes were on the market for an average of 17 days, compared to 40 days last year at the same time, a 57.5% decrease. Condo/townhome market times decreased 7.4%. This year the average market time was 25 days compared to 27 days last year.

Addison Real Estate Market Conditions - August 2021

Addison New Listings

During August, 62 single family homes were listed for sale in Addison, that’s an increase of 34.8% compared to the 46 new listings last year. New condos/townhomes had 19 new listings this August compared to the 32 new listings last year.at the same time, a decrease of 40.6%.

Addison Real Estate Market Conditions - August 2021

Months Supply

Addison single family home inventory is still super, super low and this month it decreased again. August ended with 1.8 months of supply, a 33.3% decrease from last year at the same time when there was a 2.7 month supply. The months supply of condos/townhomes was 2.5 months for sale this August, a 44.4% decrease from last year at the same time when there was a 4.5 month supply. Anything under a 5 month supply is considered favorable conditions for sellers.

Addison Real Estate Market Conditions - August 2021

Addison Homes For Sale

At the end of August there were 55 single family homes for sale in Addison, a 24.7% decrease from last year when there 73 homes for sale. The number of condos and townhomes for sale decreased with 34 for sale this year, a 20.9% decrease from last year when there were 43 for sale.

Addison Real Estate Market Conditions - August 2021

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Elmhurst Real Estate Market Conditions – August 2021

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Elmhurst Real Estate Market Update

The Elmhurst Real Estate Market continues to see good market conditions despite the low inventory. Single family home inventory decreased more than 27% in August.

Elmhurst Market Times

Single family home market times decreased in August. Homes were on the market for an average of 51 days compared to 88 days last year at the same time, a 42% decrease. The average time a condo/townhome stayed on the market was 49 days compared to last year when it was 100 days, a decrease of 51%.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.6 month supply at the end of August, a 27.8% decrease compared to last year at this time when the months supply was 3.6 months. The supply of condos and townhomes decreased 56.7% in August with 2.6 months supply this year compared to last year when there was a 6 month supply.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Homes For Sale

At the end of August there were 159 single family homes for sale in Elmhurst, a decrease of 17.6% from last year when there were 193 homes for sale. The number of condos and townhomes for sale decreased 36% in August with 32 for sale this year compared to last year when there were 50 for sale.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst New Listings

August single family home new listings decreased slightly with 121 new listings compared to 122 last year at the same time, a 0.8% decrease. Condo and townhome new listings decreased with 19 new listings compared to 27 last year at the same time, a 29.6% decrease.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Real Estate Closings

The number of single family home sales decreased with 61 closings this August compared to 90 last year, a 32.2% decrease. Condo and townhome closings decreased 26.3% with 14 closings this August, compared to the same time last year when there were 19 closings.

Elmhurst Real Estate Market Conditions - August 2021

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