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Downtown (Midtown) Elmora

ELIZABETH, NJ 07208

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

Neighborhoods in ZIP 07208

Downtown (Midtown) · Elmora

Market Analysis

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

The ELIZABETH, NJ real estate market (07208) currently shows 48 active listings, with 10 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are selling faster, averaging 21 days on market compared to 30 days last year.

The median listing price has risen 17.1% year-over-year, from $525,000 to $614,675.

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

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

Market Overview

Active Listings
48
⇧ 50% vs 32 last year
Pending
10
21% pending ratio
Median Price
$614,675
⇧ 17.1% vs $525,000 last year
Average Price
$602,943
⇧ 13.7% vs $530,252 last year
Days on Market
21
⇩ 30% vs 30 days last year

Price Per Square Foot

Median $/sqft
$336
⇩ 4% vs $350/sqft last year
Median Home Size
2,118 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 32 last year
  • Days on market: 21 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $614,675 (+17.1% YoY)
  • Average: $602,943 (+13.7% 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 5.5 miles — 414 listings ($237,269,130 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07208Elizabeth, NJ 072080.0 mi32$18,355,616$589,500$573,613
07202Elizabeth, NJ 072021.5 mi16$7,927,440$462,500$495,465
07203Roselle, NJ 072032.4 mi50$25,369,700$500,000$507,394
07206Elizabethport, NJ 072062.6 mi7$3,051,412$436,000$435,916
07083Union, NJ 070832.7 mi96$56,033,760$586,250$583,685
07111Irvington, NJ 071113.5 mi59$24,475,265$422,475$414,835
07114Newark, NJ 071143.6 mi6$2,128,284$335,000$354,714
10303Staten Island, NY 103034.1 mi61$35,049,807$585,500$574,587
07088Vauxhall, NJ 070884.3 mi7$3,209,500$424,500$458,500
07040Maplewood, NJ 070404.7 mi31$18,743,964$498,950$604,644
07102Newark, NJ 071025.0 mi8$4,215,312$499,000$526,914
07027Garwood, NJ 070275.4 mi8$6,973,168$773,875$871,646
07079South Orange, NJ 070795.5 mi33$31,735,902$992,500$961,694

Frequently Asked Questions

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

As of March 2026, there are 48 active listings in ELIZABETH, NJ (zip code 07208), compared to 32 the prior year.

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

The median listing price in ELIZABETH, NJ 07208 is $614,675 as of March 2026, a 17.1% increase from $525,000 the prior year.

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

Homes in ELIZABETH, NJ 07208 spend an average of 21 days on the market before going under contract, compared to 30 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 March 2026, ELIZABETH, NJ 07208 is currently a Balanced Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are selling faster, averaging 21 days on market compared to 30 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 $12,294 compared to a typical 5% commission on the median listing price of $614,675. 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.