Elmhurst real estate news & market updates

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Featured Listing

For Sale: $455,000

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October 2016 Elmhurst Real Estate Market Update!

Elmhurst Market Statistics for September

Prior 12 months property sales decreased from 613 in 2015 to 592 in 2016.  September 2015 property sales vs September 2016 property sales increased from 50 to 52 homes sold. Prior 12 months average sales price increased 6.6%, from $495,886 in 2015 to $528,452 in 2016.  The September Average Sales Price increased 5.3%, from $532,609 in September 2015 to $560,837 in September 2016. The September2015 vs. September 2016 median price increased 1.1% from $432,500 to $437,200. The September Average Days on Market (DOM) decreased from 90 in September 2015 to 88 in September 2016.


The September 2016 MSI of 4.48 months was at its lowest level compared with September of 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. Remember, 5.5 months is considered a “balanced” market by most.


The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%, the more of a Buyer's market exists; a ratio at or above 100% indicates more of a Seller's market. The September 2016 Selling Price vs. List Price of 93.8% decreased .1% from 93.9% in September of last year.

@properties Receives 2016 Merrick Momentum Award

We’re proud of what we do here at @properties, and it’s always gratifying when others recognize the hard work and innovation that we bring to the real estate world.

So we are both humbled and honored to be the winner of the 2016 Merrick Momentum Award from the Chicago Entrepreneurial Center and 1871 Chicago. The award celebrates entrepreneurs and recognizes innovators in Chicago’s tech community. Other finalists included SpotHero, Uptake, Learnmetrics, Rise Interactive, and Caremerge.

The Merrick Momentum Award is bestowed annually to a local company that shows momentum and is on track to be one of the next great companies to emerge from Chicago. Past recipients of the award include Avant, kCura, Braintree, GrubHub, Eved, and SAVVO among others.

@properties was established in 2000 and is already the largest independent real estate brokerage firm in Illinois, and one of the top 12 residential brokers in the U.S. We are locally owned and independent, and offer award-winning sales and marketing, industry-leading technology, and experienced, innovative brokers. 

Elmhurst Pub-Pubbing Along

Elmhurst will soon be hopping! And by hopping, we mean full of hops. Three new beer-centric establishments are set to open in the next few months, along with the new One Fifty One Kitchen and Bar.

Red Arrow Taproom (www.redarrowtaproom.com) will be the Chicago area’s first pour-your-own establishment, featuring a beer wall with a stunning 48 taps where patrons can serve themselves. Customers can buy a Pour Pass, which is inserted into the tap and allows you to pour however much beer you choose. You only pay for what you pour, meaning you can sample a variety or enjoy a large mug of your favorite. Taps are calibrated to only charge for how much you pour; it’s a similar concept to how a gas pump works. Red Arrow will also serve Texas and Carolina barbecue, and all food can be ordered from tableside tablets or from a server. Red Arrow is family-friendly and set to open in November at 111 E. First St. (just east of York St.)

Beerhead Bar and Eatery (www.beerheadbar.com) is opening their seventh location in Elmhurst. They’ll be offering approximately 500 imported, American, and local beers, and their servers are trained to offer guidance about their extensive portfolio, which includes wines and specialty cocktails. Expect to hear live music performances and enjoy community seating. Known for their Barbarian Pretzels, their menu will include pizzas, sandwiches, and salads. Beerhead is scheduled to open later this year at 100 N. York St (corner of First and York.)

Finally, Elmhurst will be getting its own microbrewery. Elmhurst Brewing Company (www.elmhurstbrewingcompany.com) just announced that they will be setting up shop in Elmhurst in early 2017. The owners are Elmhurst residents and plan to specialize in craft beers. They’re preparing a beer garden, private dining room, and a designated children’s area. Check out the progress at 171 N. Addison Ave, just north of Second St.

This influx of beer-loving establishments makes Elmhurst a prime destination for a night on the town. Find out about all the other amenities we have to offer by giving us a call at (630) 441-5570 or visit us at www.gmregroup.com