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Market Intelligence · NJ / Elizabeth

Elizabeth, NJ 07208 Housing Market

In Elizabeth 07208, the typical home value is $592,650, up 4.0% over the past year as of September 2026. The median list price stands at $586,000, and homes spend a median of 54 days on the market.

Updated September 2026Median value$593K

The median home value in Elizabeth, NJ 07208 is $593K as of September 2026, up 4.0% 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 07208 range

$545K to $640K

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

+4.0% over 12 months

Typical home value in 07208 over the last 12 months: $570K in Sep 2025 to $593K in Sep 2026 (+4.0%).

Sep 2025$570K

Sep 2026$593K

The numbers

What is the 07208 housing market like?

Typical home value

$593K

Up4.0%YoY

Median list price

$586K

Down7.0%MoM

Days on market

54

Up3.8%MoM

Homes for sale

30

Down16.7%MoM

Price cuts

3.9%

Down46.1%MoM

New listings

10

Up25.0%MoM

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

The outlook

07208 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 07208 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 07208 rose 4.0%, per the Zillow Home Value Index.

Will home prices drop in 07208?

Zillow's forecast does not call for a drop: it expects typical home values in 07208 to rise 2.7% by September 2027, after a 4.0% 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 07208 home prices compare?

  • 07208$592,650
  • 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

There were 30 homes for sale in 07208 as of September 2026, with 10 new listings entering the market that month. The median list price is $586,000, and homes are moving in a median of 54 days. Only 3.9% of listings had a price cut, and typical values climbed 4.0% over the past year to $592,650. That points to steady demand and sellers holding firm on price. If you are thinking about selling, current conditions appear to be working in your favor, though pricing realistically still matters.

Monthly payment

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20% · $118,530

Common questions

What people ask us.

How much is a home in 07208 worth?

The typical home value in 07208 is $592,650 as of September 2026, up 4.0% over the past year. The median list price is $586,000.

How long do homes take to sell in 07208?

Homes in 07208 spend a median of 54 days on the market as of September 2026. Only 3.9% of listings had a price cut that month.

How many homes are for sale in 07208?

There were 30 homes for sale as of September 2026, with 10 new listings added that month.

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