08318 Home Values & Market Trends
There are 13 homes currently listed for 08318. 08318 real estate market trends show that home prices range from $149,900 to $799,000, and the median sales price in the 08318 zip code is $302,874.21. The total number of properties sold within the past twelve months is 151. In 08318, 63 properties are in foreclosure, 3 are bank owned properties,and 2 are headed for auction.
08318 Real Estate Market Overview
City | Median Est. Value |
---|---|
Elmer | $ 293,100 $ 161/sqft |
Housing Market Summary for 08318
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $299.9K | $288.7K | -3.73% |
Median Sold Price | $239.1K | $288.7K | 20.74% |
Homes For Sale | 10 | 14 | 40.00% |
Homes Sold | 71 | 60 | -15.49% |
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 08318
Browse Homes in 08318
The median list price of a home in Elmer, is $302,874.21. A total of 13 properties are for sale, and the percentage of properties for sale in the zip code is 13.00%. The total count of 08318 properties is 3,634.
- Pre-ForeclosurePre-foreclosure homes account for 1.60% of all residential properties in 08318 with elmer containing 53 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 08318; of that cities, the estimated home value for pre-foreclosure homes ranges from $507,000 in elmer to the lowest home value of $111,400 in elmer.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 08318 ranges from the highest value of $353,600 in elmer to the lowest value of $235,500 in elmer. Bank owned homes and properties account for 0.08% of properties in 08318. There is 1 cities within 08318; elmer containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionselmer has 2 auction properties, the highest number of properties going to auction in a single city in the state of 08318. Auction homes and other auction properties account for 0.06% of all properties in 08318. There is 1 cities within 08318; of that cities, the median estimated home value for homes going to auction ranges from $393,100 in elmer to the lowest value of $208,800 in elmer.
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Guide for 08318
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.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.