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Featured local agent — Elmwood Park, NJ
Sarah Mitchell
Compass Real Estate · Elmwood Park, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elmwood Park, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$707,500median sale price
How is the Elmwood Park, NJ housing market right now?
The median home sale price in Elmwood Park, NJ is $707,500, down 0.4% year-over-year. Homes sell in an average of 67 days with 38 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Elmwood Park a buyer's or seller's market?
Elmwood Park, NJ is currently a balanced market, based on 3.8 months of supply and homes selling in about 67 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
67
Average pace
Active listings
38
3.8 months supply
Sale-to-list
100.3%
Above asking
What does the Elmwood Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $707,500 |
| Median list price | $549,000 |
| Year-over-year price change | -0.4% |
| Average days on market | 67 days |
| Active inventory | 38 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 100.3% |
| Median price per sq ft | $406/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 15 |
| Listings with a price cut | 5.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Elmwood Park by property type?
How the Elmwood Park, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $780,000 | $435/sq ft | 7 | 77 days |
| Condo / Co-op | $470,000 | $353/sq ft | 1 | 96 days |
| Townhouse | $530,000 | — | 1 | 42 days |
Source: Redfin · Updated monthly
The Elmwood Park housing market is currently classified as a balanced market with a median sale price of $707,500. Prices have fallen 0.4% compared to last year, with homes spending an average of 67 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.2x provides context for how home values compare to local earning capacity.
Homes for sale in Elmwood Park
There are currently 38 homes listed for sale in Elmwood Park, New Jersey. The median listing price is $549K.
Active listings
38
Homes on market
Median list price
$549K
Avg. days on market
67
Days until sale
New this week
15
Newly listed
Who lives in Elmwood Park?
Population
21,287
Median income
$100,852/yr
Median age
39.9 years
Owner-occupied
57.4%
College grads
35.7%
Avg commute
27.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Elmwood Park?
Zillow home value
$625,506
Zillow rent index
$2,499/mo
Price-to-rent ratio
20.9x
Price-to-income
6.2x
Source: Zillow Research
What is it like to live in Elmwood Park?
Elmwood Park is a community of approximately 21K residents with a median age of 39.9 years.The median household income is $100,852, which reflects a relatively affluent area with strong earning potential. 35.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 57.4%, showing a blend of owner and renter-occupied properties. The average commute time is 27.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elmwood Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elmwood Park?
5 schools tracked · 2,591 students
The largest public schools serving Elmwood Park, NJ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Memorial Senior High School
Grades 9-12 · 820 students
Memorial Middle School
Grades 6-8 · 571 students
Gilbert Avenue School
Grades PK-5 · 443 students
Sixteenth Avenue School
Grades PK-5 · 412 students
Gantner Avenue School
Grades K-5 · 345 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Elmwood Park, NJ?
Want a head-to-head view? Compare Elmwood Park side-by-side with any other U.S. city using our market-comparison tool.
Is Elmwood Park a good real estate investment market?
For investors evaluating Elmwood Park, the price-to-rent ratio of 20.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elmwood Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elmwood Park's median home price.
Frequently asked questions
What is the average home price in Elmwood Park?
The median home sale price in Elmwood Park is $707,500, down 0.4% from last year.
How long do homes stay on market in Elmwood Park?
Homes typically spend 67 days on market before going under contract.
What is the median income in Elmwood Park?
The median household income is $100,852 per year.
Is Elmwood Park a buyer's or seller's market?
With 3.8 months of supply, Elmwood Park is currently a balanced market.
What is the Zillow home value estimate for Elmwood Park?
The Zillow Home Value Index (ZHVI) for Elmwood Park is $625,506, representing the typical home value in the area.
What is the median condo price in Elmwood Park?
The median condo/co-op sale price in Elmwood Park, NJ is $470,000, compared to $780,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elmwood Park?
The median single-family home price in Elmwood Park, NJ is $780,000 (about $435 per square foot).
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