Elmhurst Real Estate Market Conditions – April 2019

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Elmhurst Real Estate Market Update

The Elmhurst Real Estate Market had another solid month in April. Condo and townhome sales increased 50% from the previous year. Single family homes inventory increased more than 36%.

Elmhurst Market Times

Single family home and condo/townhome market times increased in April. Homes were on the market for an average of 103 days compared to 101 days last year at the same time, a small 2% increase. The average time a condo/townhome stayed on the market was 136 days compared to last year when it was 43 days, a huge increase of 216.3%.

Elmhurst Real Estate Market Conditions - April 2019 market time

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 6 month supply at the end of April, a 36.4% increase compared to last year at this time when the months supply was 4.4 months. The supply of condos and townhomes decreased slightly, 5% in April with 3.8 months supply this year compared to last year when the months supply was 4.

Elmhurst Real Estate Market Conditions - April 2019 supply

Elmhurst Homes For Sale

At the end of April there were 285 single family homes for sale in Elmhurst, an increase of 30% from last year when there were 219 homes for sale. The number of condos and townhomes for sale increased more than 32% in April with 37 for sale this year compared to last year when there were 28 for sale.

Elmhurst Real Estate Market Conditions - April 2019 homes for sale

Elmhurst New Listings

April single family home new listings increased with 156 new listings compared to 143 last year at the same time, a 9% increase. Condo and townhome new listings increased more than 36% with 30 new listings this year compared to the same time last year when there were 22 new listings.

Elmhurst Real Estate Market Conditions - April 2019 new listings

Elmhurst Real Estate Closings

The number of single family home closed sales decreased with 55 closings this April compared to 65 last year, a 15.4% decrease. Condo and townhome closings increased with 6 closings this April compared to 4 last year, a 50% increase.

Elmhurst Real Estate Market Conditions - April 2019 closed

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