Market Intelligence · NJ / Elizabeth

Elizabeth, NJ 07208 Housing Market

The typical home in Elizabeth, NJ 07208 is worth $591,099, up 3.0% over the past year as of 2026-07-01. Sellers are listing at a median of $630,000, and homes are spending a median of 52 days on the market as of 2026-08-01.

Updated August 2026Median value$592K

The median home value in Elizabeth, NJ 07208 is $592K as of August 2026, up 3.6% 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 07208 range

$545K to $639K

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

+3.6% over 12 months

Typical home value in 07208 over the last 12 months: $572K in Aug 2025 to $592K in Aug 2026 (+3.6%).

Aug 2025$572K

Aug 2026$592K

The numbers

What is the 07208 housing market like?

Typical home value

$592K

Up3.6%YoY

Median list price

$630K

Down4.1%MoM

Days on market

52

Up67.7%MoM

Homes for sale

36

Up9.1%MoM

Price cuts

7.1%

Down16.1%MoM

New listings

8

Down20.0%MoM

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

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The comparison

How do 07208 home prices compare?

  • 07208$592,073
  • 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

Home values in 07208 rose 3.0% over the past year, bringing the typical home value to $591,099 as of 2026-07-01. The median list price stands at $630,000, and there are 36 homes for sale as of 2026-08-01, with 8 new listings added. Homes are taking a median of 52 days to sell, and 7.1% of listings have had a price cut. For a seller, this is a steady market where values are climbing but buyers still have room to negotiate.

Monthly payment

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20% · $118,415

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