Real Estate Market Update for 07208 (Elizabeth, NJ)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 43% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold increased 43% year-over-year, and decreased 9% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07208 (Elizabeth, NJ)
Area Information for 07208 (Elizabeth, NJ)
  • Population: 31,671
  • Median Age: 36.91 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 18,011/sq mi
  • Population Change Since 2000: -2.71%
  • Closest Airport: Newark Liberty International
  • Closest College: Kean University
  • Closest Jr. College: Essex County College
  • Median Household Income: $47,934
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $215,000
  • Closest Major Sports Team: New Jersey Devils
  • Change Avg. Household Income Since 2000: 34.36%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07208 (Elizabeth, NJ)
Median Age: 36.91 Married: 31% Number of Households: 11,532 Households with Children: 3,970
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07208 (Elizabeth, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      St Patrick High School/academy 0.1 mi Catholic 7-12 0 0
      No 27 Dr Antonio Pantoja 0.2 mi Public PRESCHOOL-8 1 0
      Number 23, N.m. Butler Elementary School 0.4 mi Public K-8 1 0
      No 26 Edreira Academy 0.5 mi Public PRESCHOOL-8 2 0
      A Hamilton Preparatory Academy 0.5 mi Public 10-12 3 3
      Number 12, Elmora Elementary School 0.6 mi Public PRESCHOOL-8 1 0
      Evangel Day School 0.6 mi Private PRESCHOOL-K 0 0
      Bruriah High School For Girls 0.7 mi Private 7-12 0 4
      Rav Teitz Mesivta Academy 0.7 mi Private 6-12 0 0
      Jewish Education Center 0.7 mi Private - 0 0
      Yeshiva Of Elizabeth 0.7 mi Private PRESCHOOL-6 0 0
      Benedictine Academy 0.8 mi Catholic 9-12 0 4
      St Genevieve School 0.8 mi Catholic PRESCHOOL-8 0 0
      No 29 Dr A Einstein Academy 0.9 mi Public PRESCHOOL-8 2 0
      Number 18, Robert Morris Elementary School 0.9 mi Public K-8 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 07208 (Elizabeth, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.