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ELIZABETH, NJ 07208

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

Market Overview

Active Listings
23
⇩ 14.8% vs 27 last year
Pending
6
26% pending ratio
Median Price
$637,500
⇧ 8.1% vs $589,950 last year
Average Price
$608,571
⇧ 7.9% vs $564,256 last year
Days on Market
69
⇧ 40.8% vs 49 days last year

Market Context

Population: 32,632  ·  Density: 7,030.9/mi²  ·  Median household income: $59,085

Typical home value: $408,674  ·  Homeownership: 26.7%

Market Analysis

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

The ELIZABETH, NJ real estate market (07208) currently shows 23 active listings, with 6 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 69 days on market compared to 49 days last year.

The median listing price has risen 8.1% year-over-year, from $589,950 to $637,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 27 last year
  • Days on market: 69 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $637,500 (+8.1% YoY)
  • Average: $608,571 (+7.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.5 miles — 399 listings ($231,522,777 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07208Elizabeth, NJ 072080.0 mi23$13,997,133$637,500$608,571
07202Elizabeth, NJ 072021.5 mi18$7,702,200$375,000$427,900
07203Roselle, NJ 072032.4 mi46$23,950,912$517,500$520,672
07206Elizabethport, NJ 072062.6 mi4$1,739,600$434,900$434,900
07083Union, NJ 070832.7 mi89$52,677,231$572,500$591,879
07111Irvington, NJ 071113.5 mi60$24,805,800$436,500$413,430
07114Newark, NJ 071143.6 mi6$2,263,500$347,000$377,250
10303Staten Island, NY 103034.1 mi67$36,888,994$574,999$550,582
07088Vauxhall, NJ 070884.3 mi7$3,300,381$422,500$471,483
07040Maplewood, NJ 070404.7 mi29$21,809,189$649,500$752,041
07102Newark, NJ 071025.0 mi7$3,544,800$499,000$506,400
07027Garwood, NJ 070275.4 mi10$8,349,750$784,950$834,975
07079South Orange, NJ 070795.5 mi33$30,493,287$985,000$924,039

Frequently Asked Questions

How many homes are for sale in ELIZABETH, NJ 07208?

As of January 2026, there are 23 active listings in ELIZABETH, NJ (zip code 07208), compared to 27 the prior year.

What is the median home price in ELIZABETH, NJ 07208?

The median listing price in ELIZABETH, NJ 07208 is $637,500 as of January 2026, a 8.1% increase from $589,950 the prior year.

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

Homes in ELIZABETH, NJ 07208 spend an average of 69 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in ELIZABETH, NJ 07208?

Based on current inventory and days-on-market data as of January 2026, ELIZABETH, NJ 07208 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 69 days on market compared to 49 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 07208 save an estimated $12,750 compared to a typical 5% commission on the median listing price of $637,500. 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.