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Featured local agent — Elwood, NJ
Sarah Mitchell
Compass Real Estate · Elwood, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Elwood, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$329,900median sale price
How is the Elwood, NJ housing market right now?
The median home sale price in Elwood, NJ is $329,900, up 7.8% year-over-year. Homes sell in an average of 40 days with 4 active listings. The market is currently a strong seller's 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 Elwood a buyer's or seller's market?
Elwood, NJ is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
40
Average pace
Active listings
4
1.3 months supply
Sale-to-list
100.9%
Above asking
What does the Elwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $329,900 |
| Year-over-year price change | +7.8% |
| Average days on market | 40 days |
| Active inventory | 4 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 100.9% |
| Median price per sq ft | $231/sq ft |
| Homes sold (latest month) | 3 |
| Listings with a price cut | 50.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elwood by property type?
How the Elwood, 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 | $329,900 | $231/sq ft | 3 | 40 days |
Source: Redfin · Updated monthly
The Elwood housing market is currently classified as a strong seller's market with a median sale price of $329,900. Prices have risen 7.8% compared to last year, with homes spending an average of 40 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Elwood
There are currently 4 homes listed for sale in Elwood, New Jersey.
Active listings
4
Homes on market
Avg. days on market
40
Days until sale
Who lives in Elwood?
Population
920
Median income
$68,698/yr
Median age
62.8 years
Owner-occupied
100.0%
College grads
5.4%
Avg commute
21.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Elwood?
Elwood is a community of approximately 1K residents with a median age of 62.8 years.The median household income is $68,698, which represents a working-class community with solid middle-income opportunities. 5.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elwood?
2 schools tracked · 621 students
The largest public schools serving Elwood, 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.
Mullica Township Primary School
Grades PK-4 · 368 students
Mullica Township Middle School
Grades 5-8 · 253 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 Elwood, NJ?
Want a head-to-head view? Compare Elwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Elwood?
The median home sale price in Elwood is $329,900, up 7.8% from last year.
How long do homes stay on market in Elwood?
Homes typically spend 40 days on market before going under contract.
What is the median income in Elwood?
The median household income is $68,698 per year.
Is Elwood a buyer's or seller's market?
With 1.3 months of supply, Elwood is currently a strong seller's market.
How much does a single-family home cost in Elwood?
The median single-family home price in Elwood, NJ is $329,900 (about $231 per square foot).
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