Elmhurst Real Estate Market Conditions – February 2021

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Elmhurst Real Estate Market Update

The Elmhurst Real Estate Market continues to see good market conditions despite the extremely low inventory. Single family home inventory had 1.5 months of supply at the end of February a 67.4% decrease compared to last year.

Elmhurst Market Times

Single family home market times decreased in February. Homes were on the market for an average of 93 days compared to 107 days last year at the same time, a 25.6% decrease. The average time a condo/townhome stayed on the market was 137 days compared to last year when it was 125 days, an increase of 28%.

Elmhurst Real Estate Market Conditions - February 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.5 month supply at the end of February, more than a 67% decrease compared to the 4.6% last year at the same time. The supply of condos and townhomes decreased more than 42% in February with 2.6 months supply this year compared to 4.5 months last year at the same time.

Elmhurst Real Estate Market Conditions - February 2021

Elmhurst Homes For Sale

At the end of February there were 89 single family homes for sale in Elmhurst, a decrease of 61% from last year when there were 228 homes for sale. The number of condos and townhomes for sale decreased 40% in February with 27 for sale this year compared to last year when there were 45 for sale.

Elmhurst Real Estate Market Conditions - February 2021

Elmhurst New Listings

February single family home new listings decreased with 59 new listings compared to 131 last year at the same time, a 55% decrease. Condo and townhome new listings decreased 7.7% with 12 new listings this year compared to 13 last year at the same time.

Elmhurst Real Estate Market Conditions - February 2021

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 28 closings this February compared to 27 last year, more than a 3% increase. Condo and townhome closings increased with 15 closings this February compared to 3 last year at the same time, a 400% increase.

Elmhurst Real Estate Market Conditions - February 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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