$10,000 Closing Credit*
$1,600,000
1,812 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michael Manna, Listing Office: Burke&Manna Real Estate Agency
Is Elberon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Elberon was a Neutral Market.
Key Takeaway
Elberon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elberon, NJ
How much do homes in Elberon, NJ cost?
Median Sold Price
$881,500
$509/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$108,500(-11.0%)
Key Takeaway
Homes in Elberon have sold for 11% less than they did a year ago.
Summary: The median home sold price in Elberon was $881,500 in October 2024, down 11% from last year, and the median price per square foot was $509.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | $390K | -40.0% |
| 2 Bedrooms | $659K | $810K | +22.9% |
| 3 Bedrooms | $1.1M | $934K | -17.7% |
| 4 Bedrooms | $1.3M | $1.3M | -1.9% |
| 5+ Bedrooms | $1.6M | $1.4M | -12.6% |
Summary: Elberon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 22.9%, 3 bedroom homes decreased by 17.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Neighborhoods
| West End Long Branch | $761.3K | $685K | -10.0% |
| Elberon | $990K | $881.5K | -11.0% |
Housing Supply in Elberon, NJ
How many homes are available in Elberon, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Elberon real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Elberon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elberon, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Elberon in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Elberon, NJ
How long does it take to sell a home in Elberon, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 158 Days | +2157.1% |
Summary: Homes in Elberon had an average of 158 days on market in Oct 2024, up by 2157.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Elberon are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Elberon; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.