Market Intelligence · NJ / Elizabeth

Elizabeth, NJ 07202 Housing Market

In Elizabeth's 07202 ZIP code, the typical home value is $519,151, up 2.0% over the past year as of September 2026. The median list price is $408,650, and homes are spending a median of 37 days on the market.

Updated September 2026Median value$519K

The median home value in Elizabeth, NJ 07202 is $519K as of September 2026, up 2.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 07202 range

$478K to $561K

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

+2.0% over 12 months

Sep 2025$509K

Low $505KHigh $519K

Sep 2026$519K

The numbers

What is the 07202 housing market like?

As of September 2026

Typical home value

$519K

2.0%YoY

Median list price

$409K

23.9%MoM

Days on market

14.0%MoM

Homes for sale

9.1%MoM

Price cuts

0.0%

New listings

0.0%MoM

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

The outlook

07202 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07202 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 07202 rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in 07202?

Zillow's forecast does not call for a drop: it expects typical home values in 07202 to rise 2.8% 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 07202 home prices compare?

07202$519,151
Elizabeth$519,151
New Jersey$575,161
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Elizabeth: 3 ZIPs; New Jersey: 547 ZIPs; United States: 26,262 ZIPs).

Context

Inventory is tight in 07202, with 12 homes for sale and just 4 new listings as of September 2026. Sellers are holding firm on pricing: the share of listings with a price cut is 0.0%. The median list price of $408,650 sits below the typical home value of $519,151, which is up 2.0% over the past year. Homes are moving in a median of 37 days, so buyers are still acting. For a seller, the picture is steady rather than heated, and accurate pricing matters more than testing the top of the market.

Monthly payment

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Home price

Down payment20% · $103,830

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Common questions

What people ask us.

How much is a home in 07202 worth?

The typical home value in 07202 is $519,151, up 2.0% over the past year as of September 2026. The median list price for homes currently on the market is $408,650.

How fast are homes selling in Elizabeth 07202?

Homes are spending a median of 37 days on the market as of September 2026. There are 12 homes for sale, with 4 new listings.

Are sellers cutting prices in 07202?

The share of listings with a price cut is 0.0% as of September 2026. Sellers in this ZIP are largely holding to their asking prices.

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