Elmhurst Real Estate Market Conditions – March 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 1.3 months of supply at the end of March. Home sales increased more than 57.5% compared to last year.

Elmhurst Market Times

Single family home market times decreased in March. Homes were on the market for an average of 99 days compared to 154 days last year at the same time, a 35.7% decrease. The average time a condo/townhome stayed on the market was 101 days compared to last year when it was 106 days, a decrease of 4.7%.

Elmhurst Real Estate Market Conditions - March 2021

 

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.3 month supply at the end of March, more than a 72% decrease compared to the 4.7 months last year at the same time. The supply of condos and townhomes decreased 50% in March with 2.2 months supply this year compared to 4.4 months last year at the same time.

Elmhurst Real Estate Market Conditions - March 2021

Elmhurst Homes For Sale

At the end of March there were 80 single family homes for sale in Elmhurst, a decrease of 64.8% from last year when there were 227 homes for sale. The number of condos and townhomes for sale decreased 42.9% in March with 24 for sale this year compared to last year when there were 42 for sale.

Elmhurst Real Estate Market Conditions - March 2021

Elmhurst New Listings

March single family home new listings increased with 105 new listings compared to 101 last year at the same time, a 4% increase. Condo and townhome new listings increased 36.4% with 15 new listings this year compared to 11 last year at the same time.

Elmhurst Real Estate Market Conditions - March 2021

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 63 closings this March compared to 40 last year, more than a 57% increase. Condo and townhome closings increased with 18 closings this March compared to 6 last year at the same time, a 200% increase.

Elmhurst Real Estate Market Conditions - March 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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