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Bayway Elmora Keighry Head Mravlag Manor Peterstown (The Burg) Union Square

ELIZABETH, NJ 07202

Real Estate Market Report  ·  Union County
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07202

Bayway · Elmora · Keighry Head · Mravlag Manor · Peterstown (The Burg) · Union Square

Market Analysis

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

The ELIZABETH, NJ real estate market (07202) currently shows 18 active listings, with 9 pending sales. Homes are averaging 74 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 74 days on market compared to 22 days last year.

The median listing price has fallen 29.3% year-over-year, from $519,000 to $367,000.

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: 44,673  ·  Density: 7,456.0/mi²  ·  Median household income: $63,032

Typical home value: $330,786  ·  Homeownership: 24.7%

Market Overview

Active Listings
18
⇧ 50% vs 12 last year
Pending
9
50% pending ratio
Median Price
$367,000
⇩ 29.3% vs $519,000 last year
Average Price
$416,897
⇩ 25% vs $555,575 last year
Days on Market
74
⇧ 236.4% vs 22 days last year

Price Per Square Foot

Median $/sqft
$425
⇧ 32.4% vs $321/sqft last year
Median Home Size
1,388 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 18 this year vs 12 last year
  • Days on market: 74 now vs 22 last year

Median & Average Pricing

Year over Year
  • Median: $367,000 (-29.3% YoY)
  • Average: $416,897 (-25% 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 — 363 listings ($203,551,118 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07202Elizabeth, NJ 072020.0 mi16$7,927,440$462,500$495,465
07206Elizabethport, NJ 072061.7 mi7$3,051,412$436,000$435,916
07203Roselle, NJ 072032.3 mi50$25,369,700$500,000$507,394
07204Roselle Park, NJ 072042.7 mi20$10,824,200$524,225$541,210
07205Hillside, NJ 072053.0 mi25$14,432,225$538,363$577,289
07112Newark, NJ 071124.0 mi30$14,258,040$459,975$475,268
07114Newark, NJ 071144.2 mi6$2,128,284$335,000$354,714
07016Cranford, NJ 070164.6 mi27$25,139,700$777,000$931,100
07065Rahway, NJ 070654.6 mi66$36,714,084$550,000$556,274
07108Newark, NJ 071084.9 mi21$9,193,590$424,950$437,790
07002Bayonne, NJ 070025.4 mi67$32,917,435$503,750$491,305
07066Clark, NJ 070665.5 mi20$14,621,840$675,000$731,092
07027Garwood, NJ 070275.6 mi8$6,973,168$773,875$871,646

Frequently Asked Questions

How many homes are for sale in ELIZABETH, NJ 07202?

As of March 2026, there are 18 active listings in ELIZABETH, NJ (zip code 07202), compared to 12 the prior year.

What is the median home price in ELIZABETH, NJ 07202?

The median listing price in ELIZABETH, NJ 07202 is $367,000 as of March 2026, a 29.3% decrease from $519,000 the prior year.

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

Homes in ELIZABETH, NJ 07202 spend an average of 74 days on the market before going under contract, compared to 22 days the prior year.

Is it a seller's or buyer's market in ELIZABETH, NJ 07202?

Based on current inventory and days-on-market data as of March 2026, ELIZABETH, NJ 07202 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 74 days on market compared to 22 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 07202 save an estimated $7,340 compared to a typical 5% commission on the median listing price of $367,000. 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.