$4,038 Closing Credit*
$340,000
1,098 SqFt
3 Beds
•1 Full Bath
Teal M Levick, Listing Office: Tealestate LLC
Is Elmer, 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, Elmer was a Seller's Market.
Key Takeaway
Elmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmer, NJ
How much do homes in Elmer, NJ cost?
Median Sold Price
$333,450
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,200(+16.5%)
Key Takeaway
Homes in Elmer have sold for 16.5% more than they did a year ago.
Summary: The median home sold price in Elmer was $333,450 in October 2024, up 16.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $167.5K | -23.9% |
| 3 Bedrooms | $286.2K | $300K | +4.8% |
| 4 Bedrooms | $348.7K | $415K | +19.0% |
| 5+ Bedrooms | $230K | - | N/A |
Summary: Elmer housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elmer | $286.2K | $333.4K | +16.5% |
| Pittsgrove Township | $330K | $345K | +4.5% |
Housing Supply in Elmer, NJ
How many homes are available in Elmer, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Elmer real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elmer housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmer, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Elmer in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Elmer, NJ
How long does it take to sell a home in Elmer, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 73 Days | +286.0% |
Summary: Homes in Elmer had an average of 73 days on market in Oct 2024, up by 286% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elmer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Elmer; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.