Is Elmhurst, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$532,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Elmhurst was $532,000 in June 2024, up 0.5% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.9K | $173.5K | +24.0% |
2 Bedrooms | $290K | $314.5K | +8.4% |
3 Bedrooms | $415K | $460K | +10.8% |
4 Bedrooms | $865.4K | $942.5K | +8.9% |
5+ Bedrooms | $970K | $1.1M | +19.6% |
Summary: Elmhurst housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Cities
Northlake | $249.9K | $285K | +14.0% |
Villa Park | $294.9K | $320K | +8.5% |
York Township | $363.1K | $380.6K | +4.8% |
Elmhurst | $529.3K | $532K | 0.5% |
Berkeley | $281.5K | $273K | -3.0% |
Housing Supply in Elmhurst, IL
How many homes are available in Elmhurst, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
159 | 184 | +15.7% |
Summary: The Elmhurst real estate market had 184 homes for sale in June 2024, a 15.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 24 | +60.0% |
3 Bedrooms | 52 | 61 | +17.3% |
4 Bedrooms | 67 | 72 | +7.5% |
5+ Bedrooms | 23 | 25 | +8.7% |
Summary: The Elmhurst housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
41 | 52 | +26.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Elmhurst in June 2024, up by 26.8% month-over-month. Of the 52 sold homes, 40% were sold under asking, 19% were sold at asking, and 40% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 37 Days | +80.7% |
Summary: Homes in Elmhurst had an average of 37 days on market in Jun 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During June 2024, 52 homes were sold in Elmhurst; 79% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.