Elmhurst Real Estate Market Conditions – September 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 3.6% and inventory decreased more than 36% in September.

Elmhurst Market Times

Single family home market times decreased in September. Homes were on the market for an average of 50 days compared to 62 days last year at the same time, a 19.4% decrease. The average time a condo/townhome stayed on the market was 66 days compared to last year when it was 48 days, an increase of 37.5%.

Elmhurst Real Estate Market Conditions - September 2021

 

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 2.3 month supply at the end of September, a 36.1% decrease compared to last year at this time when the months supply was 3.6 months. The supply of condos and townhomes decreased 42.4% in September with 3.4 months supply this year compared to last year when the months supply was 5.9.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst Homes For Sale

At the end of September there were 146 single family homes for sale in Elmhurst, a decrease of 24.7% from last year when there were 194 homes for sale. The number of condos and townhomes for sale decreased 24.5% in September with 40 for sale this year compared to last year when there were 53 for sale.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst New Listings

September single family home new listings decreased with 107 new listings compared to 118 last year at the same time, a 9.3% decrease. Condo and townhome new listings increased with 29 new listings compared to 26 last year at the same time, an 11.5% increase.

Elmhurst Real Estate Market Conditions - September 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 58 closings this September compared to 56 last year, a 3.6% increase. Condo and townhome closings increased 62.5% with 13 closings this September, compared to the same time last year when there were 8 closings.

Elmhurst Real Estate Market Conditions - September 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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