Elmhurst Real Estate Market Conditions – December 2020

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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 more than 51% while inventory decreased more than 47% in December.

Elmhurst Market Times

Single family home market times decreased in December. Homes were on the market for an average of 69 days compared to 115 days last year at the same time, a 40% decrease. The average time a condo/townhome stayed on the market was 53 days compared to last year when it was 65 days, a decrease of 18.5%.

Elmhurst Real Estate Market Conditions - December 2020

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2 month supply at the end of December, a 47.4% decrease compared to last year at this time when the supply was 3.8 months. The supply of condos and townhomes decreased 10.8% in December with 3.3 months supply this year compared to last year when the months supply was 3.7.

Elmhurst Real Estate Market Conditions - December 2020

Elmhurst Homes For Sale

At the end of December there were 112 single family homes for sale in Elmhurst, a decrease of 39.1% from last year when there were 184 homes for sale. The number of condos and townhomes for sale decreased 8.6% in December with 32 for sale this year compared to last year when there were 35 for sale.

Elmhurst Real Estate Market Conditions - December 2020

Elmhurst New Listings

December single family home new listings increased with 44 new listings compared to 34 last year at the same time, a 29.4% increase. Condo and townhome new listings increased with 9 new listings compared to 5 last year at the same time, an 80% increase.

Elmhurst Real Estate Market Conditions - December 2020

Elmhurst Real Estate Closings

The number of single family home sales increased with 62 closings this December compared to 41 last year, a 51.2% increase. Condo and townhome closings increased 42.9% with 10 closings this December, compared to the same time last year when there were 7 closings.

Elmhurst Real Estate Market Conditions - December 2020

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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