Is Elmhurst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elmhurst has remained a Buyer's Market.
Key Takeaway
Elmhurst is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmhurst, NY
How much do homes in Elmhurst, NY cost?
Median Sold Price
$315,000
$408/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Elmhurst have sold for 41.7% less than they did a month ago.
Summary: The median home sold price in Elmhurst was $315,000 in March 2024, down 41.7% from last month, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $298.5K | +4.7% |
| 2 Bedrooms | $432.5K | $452.5K | +4.6% |
| 3 Bedrooms | $780K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.3M | $1.4M | +3.7% |
Summary: Elmhurst housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.7%.
Housing Supply in Elmhurst, NY
How many homes are available in Elmhurst, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 172 | +8.9% |
Summary: The Elmhurst real estate market had 172 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 56 | 67 | +19.6% |
| 2 Bedrooms | 50 | 51 | +2.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The Elmhurst housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmhurst, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Elmhurst in March 2024, the same as the previous month. Of the 11 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Elmhurst, NY
How long does it take to sell a home in Elmhurst, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 93 Days | 157 Days | +68.0% |
Summary: Homes in Elmhurst had an average of 157 days on market in Mar 2024, up by 68% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Elmhurst are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 11 homes were sold in Elmhurst; 9% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
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