Elmhurst Real Estate Market Trend

Elmhurst Real Estate Market Trend

Let’s take a look at the Elmhurst NY, real estate market. Currently there are 79 sales pending in the market overall,leaving 88 listings still for sale, total of 60 contracts have closed in last six months.

Alternatively a total of 55 listings have failed to sell in that same period of time. Listings may fail to sell for many reasons such as being priced too high, having been inadequtaley marketed, property was in poor condition, or perhaps owner had second thoughts about selling at this particular time.

Price per square foot for Elmhurst NY was $581, an increase of 0% compared to the same period last year. The median sales price for homes in Elmhurst NY for Nov 1 to Jan 30 was $490,000.

Tthe number of home sales increased 0%. There are currently 291 resale and new homes in Elmhurst . The average listing price for homes for sale includes Co-Op and Condo’s in Elmhurst NY was $354,541 for the week ending Feb 08, which represents a decrease of 1.4%, or $4,957, compared to the prior week.