Elmhurst Real Estate Market Conditions – November 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 7% while inventory decreased more than 36% in November.

Elmhurst Market Times

Single family home market times decreased in November. Homes were on the market for an average of 77 days compared to 85 days last year at the same time, a 9.4% decrease. The average time a condo/townhome stayed on the market was 46 days compared to last year when it was 48 days, a decrease of 4.2%.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst Months Supply

Single family home inventories in Elmhurst had a 1.6 month supply at the end of November, a 36% decrease compared to last year at this time when the supply was 2.5 months. The supply of condos and townhomes decreased 53.8% in November with 1.8 months supply this year compared to last year when the months supply was 3.9 months.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst Homes For Sale

At the end of November there were 99 single family homes for sale in Elmhurst, a decrease of 31.7% from last year when there were 145 homes for sale. The number of condos and townhomes for sale decreased 40.5% in November with 22 for sale this year compared to last year when there were 37 for sale.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst New Listings

November single family home new listings decreased with 52 new listings compared to 57 last year at the same time, an 8.8% decrease. Condo and townhome new listings decreased with 11 new listings compared to 13 last year at the same time, a 15.4% decrease.

Elmhurst Real Estate Market Conditions - November 2021

Elmhurst Real Estate Closings

The number of single family home sales increased with 58 closings this November compared to 54 last year, a 7.4% increase. Condo and townhome closings increased 30.8% with 17 closings this November, compared to the same time last year when there were 13 closings.

Elmhurst Real Estate Market Conditions - November 2021

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Sari Levy

Sari Levy is Managing Broker of Lucid Realty.

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