Elizabeth Home Prices & Values

$223,800 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 16.6% 1-year change
  • 5.0% 1-year forecast

Market Temperature: CoolWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Elizabeth is $223,800. Elizabeth home values have gone up 16.6% over the past year and Zillow predicts they will rise 5.0% within the next year. The median list price per square foot in Elizabeth is $114, which is lower than the New York Metro average of $252. The median price of homes currently listed in Elizabeth is $215,000 while the median price of homes that sold is $211,550. The median rent price in Elizabeth is $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Elizabeth 10.6 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Elizabeth is 29.7%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Elizabeth homeowners underwater on their mortgage is 44.4%, which is higher than New York Metro at 14.7%.

more
Relative ZHVI
- +

Elizabeth Market Overview

Data through Aug 31, 2014
  • $223,800 ZHVI
  • 5.0% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $215,000 Median listing price
  • $211,550 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Elizabeth Market Health

Data through Aug 31, 2014
  • 1.7/10 Less healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 44.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 29.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.6 homes Elizabeth
1.4 homes New York Metro
4.3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bayonne $280,700 Union $271,600 Roselle Park $245,600
Linden $231,000 Carteret $220,800 Hillside $197,100
Newark $187,300 Irvington $166,200 Roselle $165,000

Listings & Sales

Data through Aug 31, 2014
  • $114 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 21.8% Listings with price cut
34.8%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Elizabeth Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,678 Elizabeth
$2,340 New York Metro
$1,328 United States
  • 1.8 Breakeven horizon What's This?  
    Close

    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,250 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

 
 
 
Sign in with Google