86-16 60th Avenue #3C, Elmhurst, NY 11373

Elmhurst Market Trend

Elmhurst's monthly median has swung between $364K and $1.05M over the past 2 years — volatility that usually reflects a thin or mixed market rather than one steady trend. Recently, homes have been selling in about 103 days. Part of why that median has moved unevenly month to month is mix shift — which property types happen to sell. The roughly $558K blended median combines very different types, so a stretch heavy on multi-family (2-4 family) (around $1.45M) versus one heavy on co-ops (around $330K) can swing the all-types figure on its own, independent of any change in value. Of 367 recent sales, co-ops made up the largest share at about 38% with a median near $330K, condos about 28% near $560K, multi-family (2-4 family) about 22% near $1.45M, single-family about 11% near $980K. Because the most common type sold here is also the lowest-priced, the blended figure tends to sit below the single-family median rather than above it — so a typical single-family house has tended to sell closer to $980K, roughly $422K over the headline number, even though the higher-priced multi-family (2-4 family) in the mix pull the other way but at about 22% are too small a share to offset that drag. These are past medians, not predictions or guarantees, and individual properties vary widely; anyone weighing a specific property should review current comparable sales for that property type.