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Foreclosure Homes in Elmhurst, IL

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Elmhurst, IL Foreclosures

How much do homes sell for in Elmhurst, IL?
The average home price is currently $773,597.
In Elmhurst, IL, how many homes are available?
There are currently 174 active home listings available in Elmhurst.
What’s the average rental cost in Elmhurst, IL?
The average rental price in Elmhurst is $2,304.
What is the most expensive home in Elmhurst?
The most expensive home sold in Elmhurst had a price of $45,243,296.
What is currently the cheapest priced home in Elmhurst, IL?
The cheapest home for sale in Elmhurst is priced at $11,565.

Living in Elmhurst, IL

Elmhurst, IL, is a picturesque suburb known for its strong sense of community, top-rated schools, and beautiful parks. With easy access to Chicago, it offers suburban living with urban convenience. Residents enjoy a rich blend of cultural amenities, activities, and a vibrant local economy.

Current Market Conditions in Elmhurst, IL

The real estate market in Elmhurst remains strong, with demand for homes exceeding inventory levels in many segments. Sellers are experiencing quick sales at or above list price, particularly for well-maintained properties in desirable neighborhoods. Buyers are competing for available homes, indicating a favorable market for sellers and a challenge for buyers.

Recent trends show a shift towards homes with more outdoor spaces and home offices, as families adapt to hybrid work and lifestyle changes. Listings are moving quickly, and many homes are receiving multiple offers, reinforcing a competitive atmosphere in the Elmhurst housing market.

Home Value Estimator For Elmhurst, IL

There are currently 16,400 real estate properties in Elmhurst, IL, with a median automated valuation model (AVM) price of $615,881.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elmhurst, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Elmhurst, IL, is $773,597.00, with the most expensive house in Elmhurst, IL, topping out at $45,243,296.00 and the cheapest home in Elmhurst, IL, clocking in at $11,565.00. In other words, there’s something for every potential homebuyer or savvy investor in Elmhurst, IL!

Rent Prices In Elmhurst, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elmhurst, IL, is on a rollercoaster ride. The average rent price in Elmhurst, IL, is $2,304.00. Indeed, when looking to rent in Elmhurst, IL, you can expect to pay as little as $890.00 or as much as $4,480.00, with the average rent median estimated to be $2,180.00. The good news is that finding an affordable and desirable property to rent in Elmhurst, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Elmhurst, IL Foreclosures

Market Trend for Elmhurst, IL

Total Listings Available: 174

Market Values:

Home Prices from $11,565 to $45,243,296

Average Sales Price: $773,597

Rental Values:

Rental from $890 to $4,480

Average Rent Value: $2,304 / month

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