Market Intelligence · NJ / Elizabeth

Elizabeth, NJ 07201 Housing Market

The typical home value in Elizabeth, NJ 07201 is $502,404, down 0.7% over the past year. The median list price is $472,000, and homes have a median days on market of 72. Sellers should read that as a market where pricing needs to be precise.

Updated August 2026Median value$507K

The median home value in Elizabeth, NJ 07201 is $507K as of August 2026, little changed year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 07201 range

$467K to $548K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.0% over 12 months

Typical home value in 07201 over the last 12 months: $507K in Aug 2025 to $507K in Aug 2026 (-0.0%).

Aug 2025$507K

Aug 2026$507K

The numbers

What is the 07201 housing market like?

Typical home value

$507K

Flat0.0%YoY

Median list price

$472K

Down9.4%MoM

Days on market

72

Up18.0%MoM

Homes for sale

9

Down10.0%MoM

Price cuts

28.6%

New listings

4

Flat0.0%MoM

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

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The comparison

How do 07201 home prices compare?

  • 07201$507,314
  • Elizabeth$512,904
  • New Jersey$576,681
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Elizabeth: 3 ZIPs; New Jersey: 547 ZIPs; United States: 26,265 ZIPs).

Context

Inventory is thin in Elizabeth, NJ 07201, with 9 homes for sale and 4 new listings. The median list price is $472,000, while the typical home value is $502,404, down 0.7% over the past year. A median days on market of 72 suggests buyers are taking time rather than rushing. With 28.6% of listings carrying a price cut, some sellers are having to reset expectations. For a seller, the honest read is that correct pricing matters more than testing the market.

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