Photo: Quintin Soloviev · CC BY 4.0405 homes sold in Elizabeth in the last year, at a typical $635K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Elizabeth homes are listed.
Every place Elizabeth homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Elizabeth.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 40% of Elizabeth’s sales, at a typical $517K
405 homes sold in the year to May 2026.
typical sale · 162 sold in 12 months
- Per square foot
- $334NJ $331
- Days to sell
- 38
- Sold over asking
- 63%
- Listings with a price cut
- 13%
Multi-family (2–4 units): 237 sold, typical $750K
Townhouses: 1 sold, typical $665K
Condos: 6 sold, typical $313K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 2.8 times the 2016 price
405 sales in the last year, against 889 in 2018 and a low of 431 in 2025. The typical sale went from $229K in 2016 to $635K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $650K buys in Elizabeth
Check a listing against what Elizabeth homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Elizabeth are more common than before the pandemic, but 62% fewer homes come up for sale
We read every month of Elizabeth’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 405 sales.
If you’re buying in Elizabeth
- Shop in July. It brings about 84 new listings a month, close to the busiest month, with fewer bidding wars (40% over asking).
- Some room to negotiate. 11% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 101.8% of the list price on average; 58% paid over.
- You’ll usually have time. Only 14% of homes go under contract within two weeks; the typical one takes 41 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 86 a month), but June is the most competitive: 45% of June sales close over asking. July and August offer nearly as much choice with fewer homes bid up (40%). December has the least competition (38%) but only about 49 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and hotter than New Jersey
| Elizabeth now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 58% | 31% | 52% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 14% | 1% | 3% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 11% | 9% | 6% | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 101.8% | 99.2% | 100.9% | 101.2% |
| Days to sellMedian days from listing to contract | 41 | 103 | 90 | 45 |
135 homes for sale on a typical day
That’s 62% fewer than in 2017–19 and well under 2016’s 428.
1 in 9 listings has cut its price
11% in the last year, against 9% in 2017–19 and 17% across New Jersey.
Since 2019, houses are up 93%, condos 89%
A house typically sold for $517K in the last year (162 sales), a condo for $313K (6).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Elizabeth ranks 105th of 299 busy New Jersey markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Elizabeth is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 49.
Best time to buySchools
The schools grade for Elizabeth, from test results, graduation and how much students grow.
Schools in ElizabethTypical commute
The average one-way trip to work for people who live in Elizabeth.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Newark sells for less a square foot; Linden and Kenilworth for far more
The busier markets within 25 miles of Elizabeth, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Newark | 1,123 | $587K | $225 | 61% | 74 |
| Elizabeth | 405 | $635K | $318 | 58% | 41 |
| Bayonne | 358 | $654K | $354 | 45% | 44 |
| Linden | 266 | $554K | $483 | 61% | 41 |
| Roselle | 162 | $520K | $369 | 65% | 43 |
| Roselle Park | 92 | $571K | $365 | 75% | 40 |
| Kenilworth | 69 | $634K | $404 | 52% | 43 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Elizabeth, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Elizabeth. People who follow the town see it, and so do people comparing Elizabeth with their own town. No commission, no listing fee.
Questions about buying a home in Elizabeth
What do homes sell for in Elizabeth, NJ?
405 homes sold in the year to May 2026 at a typical $635K, $318 a square foot.
Is Elizabeth a buyer’s or seller’s market?
A seller’s market: 144 homes were for sale in May 2026 and 42 sold, about 3.4 months of supply. Buyers paid 101.8% of asking on average, and 11% of listings cut their price.
When is the best time to buy in Elizabeth?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Elizabeth?
Zillow, Redfin, Realtor.com and Homes.com all carry Elizabeth’s MLS listings; the search links above open each one filtered to Elizabeth.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).