Elmhurst Real Estate Market Conditions – January 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 55%. Condo and townhome inventory decreased more than 31% in January.

Elmhurst Market Times

Single family home market times decreased in January. Homes were on the market for an average of 131 days compared to 172 days last year at the same time, a 23.8% decrease. The average time a condo/townhome stayed on the market was 121 days compared to last year when it was 42 days, an increase of more than 188%.

Elmhurst Real Estate Market Conditions - January 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.8 month supply at the end of January, a 55% decrease compared to last year at this time when the supply was 4 months. The supply of condos and townhomes decreased 31.8% in January with 3 months supply this year compared to last year when the months supply was 4.4.

Elmhurst Real Estate Market Conditions - January 2021

Elmhurst Homes For Sale

At the end of January there were 106 single family homes for sale in Elmhurst, a decrease of 46.2% from last year when there were 197 homes for sale. The number of condos and townhomes for sale decreased 32.6% in January with 29 for sale this year compared to last year when there were 43 for sale.

Elmhurst Real Estate Market Conditions - January 2021

Elmhurst New Listings

January single family home new listings decreased with 68 new listings compared to 96 last year at the same time, a 29.2% decrease. Condo and townhome new listings decreased with 12 new listings compared to 23 last year at the same time, a 47.8% decrease.

Elmhurst Real Estate Market Conditions - January 2021

Elmhurst Real Estate Closings

The number of single family home sales decreased with 35 closings this January compared to 39 last year, a 10.3% decrease. Condo and townhome closings increased 60% with 8 closings this January, compared to the same time last year when there were 5 closings.

Elmhurst Real Estate Market Conditions - January 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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