$9,488 Closing Credit*
$799,000
9 Beds
•4 Full Baths
Listing Office: Century 21 The Seyboth Team
Is Elmhurst, RI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$440,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,000(+18.0%)
Key Takeaway
Homes in Elmhurst have sold for 18% more than they did a year ago.
Summary: The median home sold price in Elmhurst was $440,000 in October 2024, up 18% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $355K | +14.5% |
| 3 Bedrooms | $362K | $403.7K | +11.5% |
| 4 Bedrooms | $405K | $479.5K | +18.4% |
| 5+ Bedrooms | $525K | $640K | +21.9% |
Summary: Elmhurst housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Wanskuck | $357.5K | $460K | +28.7% |
| Smith Hill | $394.4K | $475K | +20.4% |
| Elmhurst | $373K | $440K | +18.0% |
| Valley | $441.5K | $452K | +2.4% |
Housing Supply in Elmhurst, RI
How many homes are available in Elmhurst, RI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Elmhurst real estate market had 33 homes for sale in October 2024, a 10.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 15 | -25.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Elmhurst housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmhurst, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Elmhurst in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 19 Days | +96.7% |
Summary: Homes in Elmhurst had an average of 19 days on market in Oct 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 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 October 2024, 11 homes were sold in Elmhurst; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
