New Listing
5
$265,000
58-66 S 2nd St
Elizabeth, NJ 07206
2 bd1 ba
Condo3,485 sqft lot
View photos & details
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Sarah Mitchell
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Compass Real Estate · Elizabeth, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Elizabeth, NJ(512) 555-0184TX License #0512847
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Elizabeth, NJ Housing Market & Real Estate
Seller's market+4.3% YoY
Housing market overview · Updated monthly ·
$662,500median sale price
How is the Elizabeth, NJ housing market right now?
The median home sale price in Elizabeth, NJ is $662,500, up 4.3% year-over-year. Homes sell in an average of 29 days with 144 active listings. The market is currently a 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 Elizabeth a buyer's or seller's market?
Seller's market3.4 months of supply29 avg. days on market
Elizabeth, NJ is currently a seller's market, based on 3.4 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
29
Average pace
Active listings
144
3.4 months supply
Sale-to-list
101.8%
Above asking
What does the Elizabeth housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $662,500 |
| Median list price | $669,500 |
| Year-over-year price change | +4.3% |
| Average days on market | 29 days |
| Active inventory | 144 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $322/sq ft |
| Homes sold (latest month) | 42 |
| New listings (latest month) | 62 |
| Listings with a price cut | 9.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Elizabeth by property type?
How the Elizabeth, 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 | $600,000 | $305/sq ft | 21 | 29 days |
| Condo / Co-op | $200,000 | $357/sq ft | 1 | 25 days |
| Townhouse | $665,000 | $340/sq ft | 1 | 200 days |
Source: Redfin · Updated monthly
The Elizabeth housing market is currently classified as a seller's market with a median sale price of $662,500. Prices have risen 4.3% compared to last year, with homes spending an average of 29 days on market, indicating 3.4 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 8.6x provides context for how home values compare to local earning capacity.
Homes for sale in Elizabeth
There are currently 144 homes listed for sale in Elizabeth, New Jersey. The median listing price is $670K. Featured listings range from $265,000 to $1,150,000.
New Listing
17
$329,000
660-672 N Broad St Unit 8
Elizabeth, NJ 07208
2 bd2 ba
Condo7,405 sqft lot
View photos & details
New Listing
24
$375,000
349-353 W Grand St Unit 206
Elizabeth, NJ 07202
3 bd2 ba
Condo2,614 sqft lot
Romina Scandroglio · KELLER WILLIAMS METROPOLITAN
View photos & details
New Listing
28
$400,000
838 Rebecca Pl
Elizabeth, NJ 07201
3 bd2 ba1,461 sqft$274/ft²
House3,049 sqft lot
View photos & details
New Listing
45
$475,000
136 Smith St
Elizabeth, NJ 07201
3 bd3 ba
House3,049 sqft lot
View photos & details
New Listing
37
$675,000
216 Delaware St
Elizabeth, NJ 07206
6 bd2 ba
Multi-family2,614 sqft lot
View photos & details
New Listing
27
$744,999
1417 Concord Pl
Elizabeth, NJ 07208
7 bd3 ba19,998 sqft$37/ft²
Multi-family3,920 sqft lot
Vera Luna Victoria · SOCIETY REAL ESTATE
View photos & details
New Listing
27
$844,900
752-754 Eaton St
Elizabeth, NJ 07202
6 bd4 ba
Multi-family4,356 sqft lot
View photos & details
New Listing
4
$869,000
464 Walnut St
Elizabeth, NJ 07201
8 bd5 ba19,998 sqft$43/ft²
Multi-family11,326 sqft lot
View photos & details
New Listing
30
$888,888
119 Clark Pl
Elizabeth, NJ 07206
10 bd5 ba3,600 sqft$247/ft²
Multi-family3,049 sqft lot
View photos & details
New Listing
26
$899,000
558 Broadway
Elizabeth, NJ 07206
6 bd4 ba
Multi-family2,614 sqft lot
View photos & details
New Listing
36
$1,150,000
117-119 Stiles St
Elizabeth, NJ 07208
8 bd5 ba3,960 sqft$290/ft²
Multi-family5,663 sqft lot
View photos & details
Looking to buy in Elizabeth?
Get connected with a local real estate expert — free, no obligation.
Active listings
144
Homes on market
Median list price
$670K
Avg. days on market
29
Days until sale
New this week
62
Newly listed
Price drops:9.7%of listings
Sale-to-list:101.8%
Who lives in Elizabeth?
Population
135,887
Median income
$63,874/yr
Median age
35.8 years
Owner-occupied
25.4%
College grads
14.2%
Avg commute
27 min
Source: U.S. Census Bureau ACS
What are homes worth in Elizabeth?
Zillow home value
$547,806
Zillow rent index
$2,255/mo
Price-to-rent ratio
20.2x
Price-to-income
8.6x
Source: Zillow Research
What is it like to live in Elizabeth?
Elizabeth is a community of approximately 136K residents with a median age of 35.8 years.The median household income is $63,874, which represents a working-class community with solid middle-income opportunities. 14.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 25.4%, showing a blend of owner and renter-occupied properties. The average commute time is 27 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Elizabeth offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Elizabeth?
38 schools tracked · 27,575 students
The largest public schools serving Elizabeth, 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.
John E. Dwyer Technology Academy
Grades 9-12 · 1,404 students
Admiral William F. Halsey Jr. Health & Public Safety Academy
Grades 9-12 · 1,291 students
Elizabeth High School - Frank J Cicarell Academy
Grades 9-12 · 1,291 students
Thomas Jefferson Arts Academy
Grades 9-12 · 1,156 students
Terence C. Reilly School No 7
Grades 2-8 · 1,147 students
William F. Halloran School No.22
Grades 2-8 · 1,145 students
Alexander Hamilton Preparatory Academy
Grades 9-12 · 1,022 students
Toussaint L'Ouverture-Marquis de Lafayette School No. 6
Grades PK-8 · 1,015 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 Elizabeth, NJ?
Want a head-to-head view? Compare Elizabeth side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Elizabeth?
Is Elizabeth a good real estate investment market?
For investors evaluating Elizabeth, the price-to-rent ratio of 20.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Elizabeth's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Elizabeth's median home price.
Frequently asked questions
What is the average home price in Elizabeth?
The median home sale price in Elizabeth is $662,500, up 4.3% from last year.
How long do homes stay on market in Elizabeth?
Homes typically spend 29 days on market before going under contract.
What is the median income in Elizabeth?
The median household income is $63,874 per year.
Is Elizabeth a buyer's or seller's market?
With 3.4 months of supply, Elizabeth is currently a seller's market.
How many homes are for sale in Elizabeth?
There are currently 144 homes listed for sale in Elizabeth, NJ.
What is the Zillow home value estimate for Elizabeth?
The Zillow Home Value Index (ZHVI) for Elizabeth is $547,806, representing the typical home value in the area.
What is the median condo price in Elizabeth?
The median condo/co-op sale price in Elizabeth, NJ is $200,000, compared to $600,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Elizabeth?
The median single-family home price in Elizabeth, NJ is $600,000 (about $305 per square foot).
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