Is North Elmhurst, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Elmhurst is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, North Elmhurst was a Neutral Market.

Key Takeaway

North Elmhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Elmhurst, IL

How much do homes in North Elmhurst, IL cost?

Median Sold Price

$485,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$80,000(+19.8%)

Key Takeaway

Homes in North Elmhurst have sold for 19.8% more than they did a year ago.

Summary: The median home sold price in North Elmhurst was $485,000 in April 2024, up 19.8% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$180K
N/A
2 $169K$172.5K
+2.1%
3 $439.5K$430K
-2.2%
4 $855K$720K
-15.8%
5+ $1.0M-
N/A

Summary: North Elmhurst housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes did not change.

Housing Supply in North Elmhurst, IL

How many homes are available in North Elmhurst, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
98-11.1%

Summary: The North Elmhurst real estate market had 8 homes for sale in April 2024, a 11.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 65
-16.7%
5+ 00
0.0%

Summary: The North Elmhurst housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Elmhurst, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in North Elmhurst in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for North Elmhurst, IL

How long does it take to sell a home in North Elmhurst, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
3 Days17 Days+477.8%

Summary: Homes in North Elmhurst had an average of 17 days on market in Apr 2024, up by 477.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Elmhurst are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in North Elmhurst; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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