Elmwood Park, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 149 transactions over the past year in Elmwood Park. The median value for residential home transactions that occurred over the previous year is $551,170.37. The number of current listings in Elmwood Park is 8, and the percentage of properties for sale in the city is 8.00%. Elmwood Park, NJ currently has 41 properties in foreclosure, 0 bank owned properties, 6 properties headed for auction, and 8 properties for sale.
Elmwood Park, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07407 | $ 529,650 $ 309/sqft |
Housing Market Summary for Elmwood Park, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $349K | $523.1K | 49.89% |
| Median Sold Price | $491K | $523.1K | 6.54% |
| Homes For Sale | 7 | 9 | 28.57% |
| Homes Sold | 96 | 73 | -23.96% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Elmwood Park, NJ
Browse Homes in Elmwood Park, NJ
Elmwood Park home values range from $241,400 to $1,896,000. The median estimated value of a home in Elmwood Park is $551,170.37. The median list price of a home is 448,200, and the total count of properties in the city is 4,871.
- Pre-ForeclosurePre-foreclosure homes account for 0.72% of all residential properties in Elmwood Park, NJ with 07407 containing 35 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Elmwood Park, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,209,000 in 07407 to the lowest home value of $418,500 in 07407.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Elmwood Park, NJ ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Elmwood Park, NJ. There is 1 zips within Elmwood Park, NJ; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07407 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Elmwood Park, NJ. Auction homes and other auction properties account for 0.12% of all properties in Elmwood Park, NJ. There is 1 zips within Elmwood Park, NJ; of that zips, the median estimated home value for homes going to auction ranges from $927,700 in 07407 to the lowest value of $503,000 in 07407.
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Guide for Elmwood Park, NJ
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
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