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Downtown (Midtown) Keighry Head North Elizabeth Peterstown (The Burg) Union Square

ELIZABETH, NJ 07201

Real Estate Market Report  ·  Union County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07201

Downtown (Midtown) · Keighry Head · North Elizabeth · Peterstown (The Burg) · Union Square

Market Analysis

Data as of March 2026. Source: Realtor.com.

The ELIZABETH, NJ real estate market (07201) currently shows 13 active listings, with 2 pending sales. Homes are averaging 28 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 28 days on market compared to 77 days last year.

The median listing price has risen 1.8% year-over-year, from $490,000 to $499,000.

Whether you are buying or selling in ELIZABETH, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 27,996  ·  Density: 1,679.2/mi²  ·  Median household income: $60,377

Typical home value: $363,114  ·  Homeownership: 22.6%

Market Overview

Active Listings
13
⇧ 18.2% vs 11 last year
Pending
2
15% pending ratio
Median Price
$499,000
⇧ 1.8% vs $490,000 last year
Average Price
$531,811
⇧ 9.7% vs $484,875 last year
Days on Market
28
⇩ 63.6% vs 77 days last year

Price Per Square Foot

Median $/sqft
$231
⇩ 45.6% vs $425/sqft last year
Median Home Size
1,949 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 13 this year vs 11 last year
  • Days on market: 28 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $499,000 (+1.8% YoY)
  • Average: $531,811 (+9.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.6 miles — 495 listings ($309,026,206 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07201Elizabeth, NJ 072010.0 mi10$5,262,820$486,500$526,282
07114Newark, NJ 071142.0 mi6$2,128,284$335,000$354,714
07208Elizabeth, NJ 072082.5 mi32$18,355,616$589,500$573,613
07205Hillside, NJ 072053.2 mi25$14,432,225$538,363$577,289
07112Newark, NJ 071123.3 mi30$14,258,040$459,975$475,268
07108Newark, NJ 071083.7 mi21$9,193,590$424,950$437,790
10310Staten Island, NY 103104.2 mi37$30,324,682$781,000$819,586
07203Roselle, NJ 072034.6 mi50$25,369,700$500,000$507,394
07036Linden, NJ 070364.6 mi73$44,146,823$595,250$604,751
07204Roselle Park, NJ 072044.8 mi20$10,824,200$524,225$541,210
07029Harrison, NJ 070295.1 mi6$2,621,340$443,500$436,890
10301Staten Island, NY 103015.2 mi153$115,996,950$551,194$758,150
07106Newark, NJ 071065.6 mi32$16,111,936$458,438$503,498

Frequently Asked Questions

How many homes are for sale in ELIZABETH, NJ 07201?

As of March 2026, there are 13 active listings in ELIZABETH, NJ (zip code 07201), compared to 11 the prior year.

What is the median home price in ELIZABETH, NJ 07201?

The median listing price in ELIZABETH, NJ 07201 is $499,000 as of March 2026, a 1.8% increase from $490,000 the prior year.

How long do homes stay on the market in ELIZABETH, NJ?

Homes in ELIZABETH, NJ 07201 spend an average of 28 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in ELIZABETH, NJ 07201?

Based on current inventory and days-on-market data as of March 2026, ELIZABETH, NJ 07201 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 28 days on market compared to 77 days last year.

How much can I save on real estate commission in ELIZABETH, NJ?

With SELL123.com's maximum 3% commission, sellers in ELIZABETH, NJ 07201 save an estimated $9,980 compared to a typical 5% commission on the median listing price of $499,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.