Elizabeth, NJ housing market
The typical Elizabeth home is worth about $549,000, up 2.4% in a year, 5% below the New Jersey typical home. Homes typically sell in 29 days, a little above asking.
Home values, sales, trends and how Elizabeth compares with the towns next door — updated as new data is published.
Elizabeth at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Elizabeth | New Jersey |
|---|---|---|
| 2017 | $222,000 | $317,000 |
| 2018 | $252,000 | $330,000 |
| 2019 | $281,000 | $343,000 |
| 2020 | $308,000 | $358,000 |
| 2021 | $345,000 | $394,000 |
| 2022 | $399,000 | $441,000 |
| 2023 | $426,000 | $471,000 |
| 2024 | $494,000 | $511,000 |
| 2025 | $519,000 | $551,000 |
| 2026 | $539,000 | $568,000 |
| August 2026 | $549,000 | $580,000 |
Elizabeth and its neighbors
8.2 years of income
The typical Elizabeth home costs about 8.2 years of the town's median household income, more than across New Jersey (5.6 years).
How Elizabeth ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.