Housing in Elizabeth, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$618,000
Median List Price
$680,000
Price Per Sq Ft
$303
Days on Market
50
Active Inventory
116
Months of Supply
3.3
Seller's market
Zillow Home Value
$530,221
ZHVI — January 2026
Zillow Rent Index
$2,263
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
54.3%
Off Market in 2 Weeks
14.3%
Sale-to-List Ratio
101.3%
Seller's market
Market Activity
Source: RedfinHomes Sold
35
New Listings
65
Pending Sales
35
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$303
Median List $/SF
$305
Elizabeth vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Elizabeth is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$393,500
Median Rent
$1,463
Total Housing Units
48,940
Vacancy Rate
6.2%
Owner Occupied
25.4%
Renter Occupied
74.6%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,070
Housing Types
The current median sale price in Elizabeth, NJ is $618,000 according to Redfin data. Homes spend a median of 50 days on the market. 54.3% of homes sold above asking price. The market has 3.3 months of supply. The median price per square foot is $303. Zillow's observed rent index is $2,263/month. About 25.4% of housing units are owner-occupied. The median year homes were built is 1955. There are 48,940 total housing units.