Is Elmhurst, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Elmhurst has remained a Seller's Market.
Housing Prices in Elmhurst, IL
How much do homes in Elmhurst, IL cost?
Median Sold Price
$529,950
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elmhurst was $529,950 in April 2024, up 1.3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $158.5K | +13.3% |
2 Bedrooms | $282.5K | $311K | +10.1% |
3 Bedrooms | $435K | $450K | +3.4% |
4 Bedrooms | $865K | $910K | +5.2% |
5+ Bedrooms | $1.0M | $1.0M | +1.9% |
Summary: Elmhurst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Northlake | $253.1K | $285K | +12.6% |
York Township | $365K | $375K | +2.7% |
Villa Park | $305K | $310K | +1.6% |
Elmhurst | $523K | $529.9K | +1.3% |
Berkeley | $281K | $270K | -3.9% |
Housing Supply in Elmhurst, IL
How many homes are available in Elmhurst, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 155 | +12.3% |
Summary: The Elmhurst real estate market had 155 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 13 | +116.7% |
3 Bedrooms | 48 | 50 | +4.2% |
4 Bedrooms | 62 | 70 | +12.9% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Elmhurst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 116.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Elmhurst in April 2024, up by 31.3% month-over-month. Of the 42 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for Elmhurst, IL
How long does it take to sell a home in Elmhurst, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 25 Days | -16.1% |
Summary: Homes in Elmhurst had an average of 25 days on market in Apr 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Elmhurst; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.