$10,000 Closing Credit*
$1,039,000
6 Beds
•5 Full Baths
Listing Office: PREMIER HOMES
Is Elizabeth, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elizabeth has remained a Buyer's Market.
Key Takeaway
Elizabeth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elizabeth, NJ
How much do homes in Elizabeth, NJ cost?
Median Sold Price
$437,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$12,500(+2.9%)
Key Takeaway
Homes in Elizabeth have sold for 2.9% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $240K | N/A |
| 2 Bedrooms | $302.4K | $372.5K | +23.2% |
| 3 Bedrooms | $467.5K | $437.5K | -6.4% |
| 4 Bedrooms | $490K | $607.5K | +24.0% |
| 5+ Bedrooms | - | $685K | N/A |
Summary: Elizabeth housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 24%, and 5+ bedroom homes did not change.
Housing Supply in Elizabeth, NJ
How many homes are available in Elizabeth, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 175 | 195 | +11.4% |
Summary: The Elizabeth real estate market had 195 homes for sale in November 2024, a 11.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 43 | 44 | +2.3% |
| 5+ Bedrooms | 85 | 107 | +25.9% |
Summary: The Elizabeth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Elizabeth in November 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Elizabeth, NJ
We’re sorry, we don't have information for this market at the moment
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