Average List Price and Sale Prices by subdivision in the Elmhurst area.

Average List Price and Sale Prices by subdivision in the Elmhurst area.

A recent Multiple Listing search for Elmhurst, IL, homes shows that even though the number of homes sold is still down, the home prices are beginning to climb. The information was broken down into one year increments dating back three years from today.

The bar graph above shows that although the number of homes sold are down about 27%, the last two years are nearly the same. This could suggest that the demand for homes in Elmhurst is stabilizing.

The graph above shows the prices in Elmhurst have increased nearly $13,000 in the last 12 months. Compare that to the 24-36 month ranges to see that the prices are only down about $11,000 from where the prices three years ago. As a percentage the difference is quite minimal at about 2 percent over this period or down about 3/4% per year.

The information shows that even though the national media is talking about how bad things are and how much worse things will get, the Elmhurst real estate market is already showing signs of stabilizing sales and increasing prices. If the demand stays around 350 homes sold or increases over the next 12 months we may see more increases in home values.

If you would like to receive an accurate valuation of your home, contact your Elmhurst Realtor.

This information was obtained from the Multiple Listing Service of Northern Illinois and is considered to be accurate, but not guaranteed. The search included only detached single family homes.

The table below lists all of the currently active single family detached and single family attached homes in the Elmhurst, IL. The inform is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices.

For detailed information on a property type within a price range, including virtual tour when available, contact me with physical characteristic requirements.

Active Listings

List Price Range # Listings Avg. Days on Mkt Less than $149,999 39 155 $150,000 - $199,999 45 191 $200,000 - $249,999 62 141 $250,000 - $299,999 124 150 $300,000 - $349,999 88 146 $350,000 - $399,999 65 285 $400,000 - $449,999 20 216 $450,000 - $499,999 14 178 $500,000 - $549,999 7 121 $550,000 - $599,999 21 216 $600,000 - $699,999 22 329 $700,000 - $799,999 12 612 $800,000 - $899,999 7 660 $900,000 - $999,999 2 1164 $1,000,000 - $1,999,999 2 192

Active Listings Summary

# Units Avg. MT Median List Price Avg. List Price Max. List Price Min. List Price Total Volume 530 203 $299,900 $338,933 $1,200,000 $94,900 $179,634,702