Elmhurst Real Estate Market Conditions – April 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 1.7 months of supply at the end of April. Home sales increased more than 57% compared to last year.

Elmhurst Market Times

Single family home market times decreased in April. Homes were on the market for an average of 85 days compared to 94 days last year at the same time, a 9.6% decrease. The average time a condo/townhome stayed on the market was 69 days compared to last year when it was 75 days, a decrease of 8%.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.7 month supply at the end of April, more than a 65% decrease compared to the 4.9 months last year at the same time. The supply of condos and townhomes decreased 52.7% in April with 2.6 months supply this year compared to 5.5 months last year at the same time.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst Homes For Sale

At the end of April there were 114 single family homes for sale in Elmhurst, a decrease of 48.9% from last year when there were 223 homes for sale. The number of condos and townhomes for sale decreased 37.5% in April with 30 for sale this year compared to last year when there were 48 for sale.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst New Listings

April single family home new listings increased with 144 new listings compared to 64 last year at the same time, a 125% increase. Condo and townhome new listings increased 68.8% with 27 new listings this year compared to 16 last year at the same time.

Elmhurst Real Estate Market Conditions - April 2021

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 74 closings this April compared to 47 last year, more than a 57% increase. Condo and townhome closings increased with 14 closings this April compared to 7 last year at the same time, a 100% increase.

Elmhurst Real Estate Market Conditions - April 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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