$8,311 Closing Credit*
$699,900
2,822 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michaela L Hartery, Listing Office: Hometown Real Estate Group
Is Elmer, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$347,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,750(+21.2%)
Key Takeaway
Homes in Elmer have sold for 21.2% more than they did a year ago.
Summary: The median home sold price in Elmer was $347,000 in November 2024, up 21.2% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $127.5K | -42.0% |
| 3 Bedrooms | $287.5K | $315K | +9.6% |
| 4 Bedrooms | $350K | $417.5K | +19.3% |
| 5+ Bedrooms | $230K | - | N/A |
Summary: Elmer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Elmer | $286.2K | $347K | +21.2% |
| Pittsgrove Township | $330K | $360K | +9.1% |
Housing Supply in Elmer, NJ
How many homes are available in Elmer, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The Elmer real estate market had 35 homes for sale in November 2024, a 29.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Elmer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmer, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Elmer in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 62 Days | +37.6% |
Summary: Homes in Elmer had an average of 62 days on market in Nov 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 3 homes were sold in Elmer; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
