Elmhurst Real Estate Market Conditions – August 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 inventory decreased more than 27% in August.

Elmhurst Market Times

Single family home market times decreased in August. Homes were on the market for an average of 51 days compared to 88 days last year at the same time, a 42% decrease. The average time a condo/townhome stayed on the market was 49 days compared to last year when it was 100 days, a decrease of 51%.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.6 month supply at the end of August, a 27.8% decrease compared to last year at this time when the months supply was 3.6 months. The supply of condos and townhomes decreased 56.7% in August with 2.6 months supply this year compared to last year when there was a 6 month supply.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Homes For Sale

At the end of August there were 159 single family homes for sale in Elmhurst, a decrease of 17.6% from last year when there were 193 homes for sale. The number of condos and townhomes for sale decreased 36% in August with 32 for sale this year compared to last year when there were 50 for sale.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst New Listings

August single family home new listings decreased slightly with 121 new listings compared to 122 last year at the same time, a 0.8% decrease. Condo and townhome new listings decreased with 19 new listings compared to 27 last year at the same time, a 29.6% decrease.

Elmhurst Real Estate Market Conditions - August 2021

Elmhurst Real Estate Closings

The number of single family home sales decreased with 61 closings this August compared to 90 last year, a 32.2% decrease. Condo and townhome closings decreased 26.3% with 14 closings this August, compared to the same time last year when there were 19 closings.

Elmhurst Real Estate Market Conditions - August 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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