Elmer, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 141 transactions over the past year in Elmer. The median value for residential home transactions that occurred over the previous year is $303,964.71. The number of current listings in Elmer is 13, and the percentage of properties for sale in the city is 13.00%. Elmer, NJ currently has 58 properties in foreclosure, 2 bank owned properties, 3 properties headed for auction, and 13 properties for sale.
Elmer, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 08318 | $ 279,500 $ 161/sqft |
Housing Market Summary for Elmer, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $299.9K | $288.7K | -3.73% |
| Median Sold Price | $240K | $288.7K | 20.29% |
| Homes For Sale | 10 | 14 | 40.00% |
| Homes Sold | 68 | 54 | -20.59% |
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 Elmer, NJ
Browse Homes in Elmer, NJ
Elmer home values range from $40,030 to $539,900. The median estimated value of a home in Elmer is $303,964.71. The median list price of a home is 334,999, and the total count of properties in the city is 3,444.
- Pre-ForeclosurePre-foreclosure homes account for 1.54% of all residential properties in Elmer, NJ with 08318 containing 58 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Elmer, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $507,000 in 08318 to the lowest home value of $111,400 in 08318.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Elmer, NJ ranges from the highest value of $353,600 in 08318 to the lowest value of $178,700 in 08318. Bank owned homes and properties account for 0.06% of properties in Elmer, NJ. There is 1 zips within Elmer, NJ; 08318 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions08318 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Elmer, NJ. Auction homes and other auction properties account for 0.09% of all properties in Elmer, NJ. There is 1 zips within Elmer, NJ; of that zips, the median estimated home value for homes going to auction ranges from $393,100 in 08318 to the lowest value of $208,800 in 08318.
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Guide for Elmer, NJ
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