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Market Intelligence · NJ / Union County

Elizabeth, NJ home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$519K1-yr changeUp2.0%

The typical home value in Elizabeth, NJ is $519K as of September 2026, up 2.0% from a year ago, based on the Zillow Home Value Index. In the typical Elizabeth ZIP code, the median list price is $487K and homes spend a median of 50 days on market as of September 2026 (Realtor.com).

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The coverage

Elizabeth, by the numbers.

Typical home valueZillow ZHVI, September 2026
$519K
1-yr changeMedian across Elizabeth ZIPs
+2.0%
ZIP markets live4 tracked in Elizabeth
3
County
Union County

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12-month value trend

+2.0% over 12 months

Typical home value in Elizabeth over the last 12 months: $509K in Sep 2025 to $519K in Sep 2026 (+2.0%).

Sep 2025$509K

Sep 2026$519K

Median Zillow home value index across Elizabeth's ZIP codes.

Context

In Elizabeth, the typical home value was $519,151 as of September 2026, up 2.0% over the past year. Buyers had a thin selection to work with, with only 53 homes for sale citywide and 18 new listings hitting the market in September 2026. Homes took a median of 50 days to sell, which suggests a measured pace rather than a frenzy. The median list price sat at $487,000, and notably, 0.0% of listings had a price cut, meaning sellers were largely holding firm on asking prices. Values are still climbing modestly, but the slow trickle of new listings keeps competition limited. For a homeowner weighing a sale, the data points to a market where well priced homes can find buyers without discounting, though patience may be required.

The numbers

What is the housing market like in Elizabeth, NJ?

Typical home value

$519K

Up2.0%YoY

Median list price

$487K

Days on market

50

Homes for sale

53

Price cuts

0.0%

New listings

18

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Elizabeth's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Elizabeth, NJ home prices over time

Typical home values in Elizabeth, NJ are up 2.0% over the past year, from $509K in September 2025 to $519K in September 2026.

Typical home value in Elizabeth, NJ, September of each year
MonthTypical value1-yr change
September 2026$519,151+2.0%
September 2025$508,992No prior year

Typical value is the median Zillow Home Value Index across Elizabeth ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Elizabeth, NJ a buyer's or seller's market?

Elizabeth, NJ is roughly balanced between buyers and sellers.

The signals are mixed: relatively few listings have cut their asking price, but homes for sale are building up relative to new listings, so pricing and condition matter more than market direction.

Based on a median of 50 days on market and 0% of listings with a price cut in the typical Elizabeth ZIP code, and 18 new listings against 53 active listings across Elizabeth, as of September 2026 (Realtor.com).

The outlook

Elizabeth housing market forecast 2027

+2.7%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Elizabeth ZIP codes, points to typical home values rising 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in Elizabeth rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in Elizabeth?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Elizabeth shows typical home values rising 2.7% by September 2027, after a 2.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Elizabeth ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Elizabeth?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Elizabeth ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Elizabeth, NJ home prices.

How much is a home in Elizabeth worth?

The typical home value in Elizabeth was $519,151 as of September 2026, up 2.0% over the past year. This is a citywide figure, so individual homes may be worth more or less depending on condition and location.

How competitive is the Elizabeth housing market?

Inventory was tight, with 53 homes for sale and 18 new listings as of September 2026. Homes spent a median of 50 days on the market.

Are sellers in Elizabeth cutting their prices?

Not as of September 2026, when 0.0% of listings had a price cut. The median list price was $487,000.

Are home prices going up or down in Elizabeth, NJ?

Typical home values in Elizabeth, NJ are up 2.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Elizabeth, NJ a buyer's or seller's market?

Elizabeth, NJ is roughly balanced between buyers and sellers. The signals are mixed: relatively few listings have cut their asking price, but homes for sale are building up relative to new listings, so pricing and condition matter more than market direction. Based on a median of 50 days on market and 0% of listings with a price cut in the typical Elizabeth ZIP code, and 18 new listings against 53 active listings across Elizabeth, as of September 2026 (Realtor.com).

How long do homes take to sell in Elizabeth, NJ?

In the typical Elizabeth ZIP code, homes spend a median of 50 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.

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