Erma, NJ
Housing market overview · Updated weekly
$317,500median sale price
Homes sold
2
Last 12 weeks
Days on market
86
Average pace
Active listings
8
4.0 months supply
Sale-to-list
92.3%
Below asking
The Erma housing market is currently classified as a buyer's market with a median sale price of $317,500. Prices have risen 14.3% compared to last year, with homes spending an average of 86 days on market, indicating 4.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Erma
There are currently 8 homes listed for sale in Erma, New Jersey. The median listing price is $410K.
Active listings
8
Homes on market
Median list price
$410K
Avg. days on market
86
Days until sale
New this week
2
Newly listed
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Frequently asked questions
What is the average home price in Erma?
The median home sale price in Erma is $317,500, up 14.3% from last year.
How long do homes stay on market in Erma?
Homes typically spend 86 days on market before going under contract.
Is Erma a buyer's or seller's market?
With 4.0 months of supply, Erma is currently a buyer's market.
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