The Elmwood housing market is somewhat competitive. The median sale price of a home in Elmwood was $535K last month, up 29.9% since last year. The median sale price per square foot in Elmwood is $237, down 5.2% since last year.
In March 2024, Elmwood home prices were up 29.9% compared to last year, selling for a median price of $535K. On average, homes in Elmwood sell after 66 days on the market compared to 121 days last year. There were 15 homes sold in March this year, up from 13 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$535,000
+29.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Elmwood, NJ
$535,000
+29.9%
United States
To compare other locations to the Elmwood and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in East Orange add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Elmwood housing market?
Elmwood is somewhat competitive. Homes sell in 63 days.
0
100
55
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 3% above list price and go pending in around 63 days.
Hot homes
can sell for about 7% above list price and go pending in around 26 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
4/10
Benjamin Banneker Academy
Public • PreK-6
511
Students
N/A
4/10
Langston Hughes School
Public • PreK-5
589
Students
5 reviews
3/10
Ecole T Loverture School
Public • PreK-5
297
Students
4 reviews
2/10
Speedway Academies
Public • K-8 • Choice school
685
Students
7 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Elmwood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Elmwood.
Risk Factor
Flood Factor - Moderate
33% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Elmwood has a moderate risk of flooding. 498 properties in Elmwood are likely to be
severely affected
by flooding over the next 30 years. This represents 33% of all properties in Elmwood. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Elmwood has a minor risk of wildfire. There are 13 properties in Elmwood that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Elmwood.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Elmwood has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Elmwood is most at risk from hurricanes. 2,183 properties in Elmwood have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 81 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 91 mph.