Elmhurst Real Estate Market Conditions – June 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 sales increased more than 17% and inventory decreased more than 52% in June.

Elmhurst Market Times

Single family home market times decreased in June. Homes were on the market for an average of 40 days compared to 124 days last year at the same time, a 67.7% decrease. The average time a condo/townhome stayed on the market was 39 days compared to last year when it was 86 days, a decrease of 54.7%.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2 month supply at the end of June, a 52.4% decrease compared to last year at this time when the months supply was 4.2 months. The supply of condos and townhomes decreased 41.2% in June with 3 months supply this year compared to last year when the months supply was 5.1 months.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst Homes For Sale

At the end of June there were 134 single family homes for sale in Elmhurst, a decrease of 36.2% from last year when there were 210 homes for sale. The number of condos and townhomes for sale decreased 19% in June with 34 for sale this year compared to last year when there were 42 for sale.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst New Listings

June single family home new listings decreased with 139 new listings compared to 144 last year at the same time, a 3.5% decrease. Condo and townhome new listings increased 10.5% with 21 new listings this year compared to 19 last year at the same time.Elmhurst Real Estate Market Conditions - June 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 87 closings this June compared to 74 last year, a 17.6% increase. Condo and townhome closings increased 20% with 12 closings this June, compared to the same time last year when there were 10 closings.Elmhurst Real Estate Market Conditions - June 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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