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Bayway Elmora Keighry Head Mravlag Manor Peterstown (The Burg) Union Square

ELIZABETH, NJ 07202

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 07202

Bayway · Elmora · Keighry Head · Mravlag Manor · Peterstown (The Burg) · Union Square

Market Analysis

Data as of February 2026. Source: Realtor.com.

The ELIZABETH, NJ real estate market (07202) currently shows 16 active listings, with 6 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 65 days on market compared to 20 days last year.

The median listing price has fallen 0.2% year-over-year, from $463,225 to $462,500.

Whether you are buying or selling in ELIZABETH, NJ, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 44,673  ·  Density: 7,456.0/mi²  ·  Median household income: $63,032

Typical home value: $330,786  ·  Homeownership: 24.7%

Market Overview

Active Listings
16
⇧ 77.8% vs 9 last year
Pending
6
38% pending ratio
Median Price
$462,500
⇩ 0.2% vs $463,225 last year
Average Price
$453,567
⇩ 20.1% vs $567,670 last year
Days on Market
65
⇧ 225% vs 20 days last year

Price Per Square Foot

Median $/sqft
$390
⇧ 14.7% vs $340/sqft last year
Median Home Size
561 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 9 last year
  • Days on market: 65 now vs 20 last year

Median & Average Pricing

Year over Year
  • Median: $462,500 (-0.2% YoY)
  • Average: $453,567 (-20.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 5.6 miles — 351 listings ($196,358,184 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
07202Elizabeth, NJ 072020.0 mi18$7,702,200$375,000$427,900
07206Elizabethport, NJ 072061.7 mi4$1,739,600$434,900$434,900
07203Roselle, NJ 072032.3 mi46$23,950,912$517,500$520,672
07204Roselle Park, NJ 072042.7 mi19$10,542,625$499,900$554,875
07205Hillside, NJ 072053.0 mi23$13,709,909$550,000$596,083
07112Newark, NJ 071124.0 mi24$11,615,136$499,000$483,964
07114Newark, NJ 071144.2 mi6$2,263,500$347,000$377,250
07016Cranford, NJ 070164.6 mi27$17,990,316$639,500$666,308
07065Rahway, NJ 070654.6 mi54$29,794,014$550,000$551,741
07108Newark, NJ 071084.9 mi25$11,987,750$419,999$479,510
07002Bayonne, NJ 070025.4 mi71$37,725,424$529,450$531,344
07066Clark, NJ 070665.5 mi24$18,987,048$675,000$791,127
07027Garwood, NJ 070275.6 mi10$8,349,750$784,950$834,975

Frequently Asked Questions

How many homes are for sale in ELIZABETH, NJ 07202?

As of February 2026, there are 16 active listings in ELIZABETH, NJ (zip code 07202), compared to 9 the prior year.

What is the median home price in ELIZABETH, NJ 07202?

The median listing price in ELIZABETH, NJ 07202 is $462,500 as of February 2026, a 0.2% decrease from $463,225 the prior year.

How long do homes stay on the market in ELIZABETH, NJ?

Homes in ELIZABETH, NJ 07202 spend an average of 65 days on the market before going under contract, compared to 20 days the prior year.

Is it a seller's or buyer's market in ELIZABETH, NJ 07202?

Based on current inventory and days-on-market data as of February 2026, ELIZABETH, NJ 07202 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 65 days on market compared to 20 days last year.

How much can I save on real estate commission in ELIZABETH, NJ?

With SELL123.com's maximum 3% commission, sellers in ELIZABETH, NJ 07202 save an estimated $9,250 compared to a typical 5% commission on the median listing price of $462,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.