Elmhurst Real Estate Market Update
The Elmhurst Real Estate Market had another solid month in January while starting to build up some much needed inventory. Single family home inventory increased more than 53% while condo and townhome inventory increased by 100%.
Elmhurst Market Times
Single family home market times increased in January. Homes were on the market for an average of 145 days compared to 136 days last year at the same time, a 6.6% increase. The average time a condo/townhome stayed on the market was 103 days compared to last year when it was 38 days, an increase of 171.1%.
Elmhurst Months Supply
Single family home inventories in Elmhurst had a 4.6 month supply at the end of January, a 53.3% increase compared to last year at this time when the months supply was 3 months. The supply of condos and townhomes increased tremendously, 100% in January with 5 months supply this year compared to last year when the months supply was only 2.5.
Elmhurst Homes For Sale
At the end of January there were 216 single family homes for sale in Elmhurst, an increase of 38.5% from last January when there were 156 homes for sale. The number of condos and townhomes for sale increased 115% in January with 43 for sale this year compared to last year when there were 20 for sale.
Elmhurst New Listings
January single family homes new listings increased with 89 new listings compared to 83 last year at the same time, a 7.2% increase. Condo and townhome new listings remained the same as last year with 9 new listings.
Elmhurst Real Estate Closings
The number of single family home closed sales decreased with 22 closings this January compared to 31 last year, a 29% decrease. Condo and townhome closings had a 100% increase in closed sales with 6 closings this year compared to 3 last January.