$5,094 Closing Credit*
$429,000
2 Beds
•2 Full Baths
Cara L. Anaya, Listing Office: Modern Realty Group
Is Elmwood Park, 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, Elmwood Park was a Seller's Market.
Key Takeaway
Elmwood Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmwood Park, NJ
How much do homes in Elmwood Park, NJ cost?
Median Sold Price
$530,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,500(+12.6%)
Key Takeaway
Homes in Elmwood Park have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Elmwood Park was $530,000 in October 2024, up 12.6% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $125K | -36.7% |
| 2 Bedrooms | $425K | $440K | +3.5% |
| 3 Bedrooms | $497K | $580K | +16.7% |
| 4 Bedrooms | $490K | $615K | +25.5% |
| 5+ Bedrooms | $475K | $815K | +71.6% |
Summary: Elmwood Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 71.6%.
Housing Supply in Elmwood Park, NJ
How many homes are available in Elmwood Park, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 25 | +92.3% |
Summary: The Elmwood Park real estate market had 25 homes for sale in October 2024, a 92.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 1 | 5 | +400.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Elmwood Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 400%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elmwood Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elmwood Park in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elmwood Park, NJ
We’re sorry, we don't have information for this market at the moment
