$5,332 Closing Credit*
$449,000
1,908 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Century 21 Premier Agency
Is Elmhurst, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Elmhurst has remained a Seller's Market.
Key Takeaway
Elmhurst is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elmhurst, RI
How much do homes in Elmhurst, RI cost?
Median Sold Price
$417,450
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$52,450(+14.4%)
Key Takeaway
Homes in Elmhurst have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Elmhurst was $417,450 in September 2024, up 14.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $360K | +16.1% |
| 3 Bedrooms | $357.5K | $405K | +13.3% |
| 4 Bedrooms | $405K | $470K | +16.0% |
| 5+ Bedrooms | $525K | $630K | +20.0% |
Summary: Elmhurst housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
| Wanskuck | $346K | $457.4K | +32.2% |
| Smith Hill | $392.4K | $456K | +16.2% |
| Elmhurst | $365K | $417.4K | +14.4% |
Housing Supply in Elmhurst, RI
How many homes are available in Elmhurst, RI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Elmhurst real estate market had 45 homes for sale in September 2024, a 25.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 18 | 27 | +50.0% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Elmhurst housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmhurst, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Elmhurst in September 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for Elmhurst, RI
How long does it take to sell a home in Elmhurst, RI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 23 Days | 18 Days | -21.6% |
Summary: Homes in Elmhurst had an average of 18 days on market in Sep 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elmhurst are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Elmhurst; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.