Elmhurst Real Estate Market Conditions – May 2021

Share, follow or like us:

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 1.8 months of supply at the end of May. Home sales increased more than 66% compared to last year.

Elmhurst Market Times

Single family home market times decreased in May. Homes were on the market for an average of 60 days compared to 88 days last year at the same time, a 31.8% decrease. The average time a condo/townhome stayed on the market was 60 days compared to last year when it was 120 days, a decrease of 50%.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.8 month supply at the end of May, more than a 58% decrease compared to the 4.3 months last year at the same time. The supply of condos and townhomes decreased 58.6% in May with 2.4 months supply this year compared to 5.8 months last year at the same time.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst Homes For Sale

At the end of May there were 122 single family homes for sale in Elmhurst, a decrease of 40.5% from last year when there were 205 homes for sale. The number of condos and townhomes for sale decreased 41.7% in May with 28 for sale this year compared to last year when there were 48 for sale.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst New Listings

May single family home new listings increased with 135 new listings compared to 110 last year at the same time, a 22.7% increase. Condo and townhome new listings decreased 26.3% with 14 new listings this year compared to 19 last year at the same time.

Elmhurst Real Estate Market Conditions - May 2021

Elmhurst Real Estate Closings

The number of single family home closed sales increased with 70 closings this May compared to 42 last year, more than a 66.7% increase. Condo and townhome closings increased with 14 closings this May compared to 7 last year at the same time, a 100% increase.

Elmhurst Real Estate Market Conditions - May 2021

#ElmhurstRealEstate

Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

Leave a Reply

Your email address will not be published. Required fields are marked *