$7,125 Closing Credit*
$600,000
780 SqFt
2 Beds
•1 Full Bath
Thomas Klein, Listing Office: Weichert Realtors
Is Elberon, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Elberon has remained a Buyer's 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
$875,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$235,000(-21.2%)
Key Takeaway
Homes in Elberon have sold for 21.2% less than they did a year ago.
Summary: The median home sold price in Elberon was $875,000 in November 2024, down 21.2% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | $390K | -40.0% |
| 2 Bedrooms | $749.5K | $810K | +8.1% |
| 3 Bedrooms | $1.1M | $918K | -19.1% |
| 4 Bedrooms | $1.3M | $1.1M | -14.0% |
| 5+ Bedrooms | $1.6M | $1.4M | -16.1% |
Summary: Elberon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 14%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Neighborhoods
| West End Long Branch | $732K | $690K | -5.7% |
| Elberon | $1.1M | $875K | -21.2% |
Housing Supply in Elberon, NJ
How many homes are available in Elberon, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Elberon real estate market had 17 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Elberon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were 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 2 homes were sold or pending in Elberon in November 2024, up by 100.0% month-over-month. Of the 2 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 248 Days | 26 Days | -89.5% |
Summary: Homes in Elberon had an average of 26 days on market in Nov 2024, down by 89.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elberon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Elberon; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.