Home ValuePros

Market Intelligence · NJ / Elizabeth

Elizabeth, NJ 07202 Housing Market

The typical home in Elizabeth, NJ 07202 is worth $513,974, up 0.7% over the past year. Homes currently on the market carry a median list price of $329,900 and a median of 43 days on market.

Updated August 2026Median value$513K

The median home value in Elizabeth, NJ 07202 is $513K as of August 2026, up 1.4% 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 07202 range

$472K to $554K

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

+1.4% over 12 months

Typical home value in 07202 over the last 12 months: $506K in Aug 2025 to $513K in Aug 2026 (+1.4%).

Aug 2025$506K

Aug 2026$513K

The numbers

What is the 07202 housing market like?

Typical home value

$513K

Up1.4%YoY

Median list price

$330K

Down20.1%MoM

Days on market

43

Up10.3%MoM

Homes for sale

11

Down26.7%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

4

Down50.0%MoM

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

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The comparison

How do 07202 home prices compare?

  • 07202$512,904
  • 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

The market in 07202 is small right now, with 11 homes for sale and 4 new listings as of 2026-08-01. Sellers are holding firm on price: the share of listings with a price cut is 0.0%. The median list price of $329,900 sits well below the typical home value of $513,974, which often reflects a mix of smaller or lower-priced properties among active listings. Homes are moving at a moderate pace, with a median of 43 days on market. For a seller, the takeaway is that buyers are accepting asking prices, but the thin inventory means individual results will depend heavily on the specific home.

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