Real Estate Market Update for Elizabeth, NJ
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Welcome to March's Market Update,. Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 28% from one year earlier, and down 6% 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 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 25%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold decreased 23% year-over-year, and increased 11% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
Map Information for Elizabeth, NJ
Area Information for Elizabeth, NJ
  • Population: 126,539
  • Median Age: 32.41 yr
  • Median Commute Time: 22.9 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 10,272/sq mi
  • Population Change Since 2000: 4.95%
  • Closest Airport: Newark Liberty International
  • Closest College: Kean University
  • Closest Jr. College: Essex County College
  • Median Household Income: $44,594
  • Annual Residential Turnover: 17.48%
  • Median Years in Residence: 2.47 yr
  • Median Home Sales Price: $160,000
  • Closest Major Sports Team: New York Red Bulls
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Elizabeth, NJ
Median Age: 32.41 Married: 21% Number of Households: 42,472 Households with Children: 18,689
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 Elizabeth, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Our Lady Of Guadalupe Academy 0.4 mi Private - 0 4
      St Anthony School 0.4 mi Catholic PRESCHOOL-8 0 0
      Nicholas S. Lacorte School No. 3 0.5 mi Public K-8 1 3
      Number 2, Winfield Scott Elementary School 0.5 mi Public PRESCHOOL-8 1 3
      John E Dwyer Tech Academy 0.6 mi Public 9-12 0 0
      Elizabeth High School 0.6 mi Public 9-12 5 2
      Admiral W F Halsey Leadership Academy 0.6 mi Public 9-12 0 5
      Number 25, Charles J. Hudson Elementary School 0.7 mi Public K-8 1 1
      Number 20, John Marshall Elementary School 0.7 mi Public PRESCHOOL-8 1 2
      No 6 Lafayette 0.7 mi Public PRESCHOOL-8 0 0
      No 15 C Columbus School 0.8 mi Public K-8 0 0
      Terence C. Reilly School #7 0.8 mi Public 2-8 5 4
      St. Mary Of The Assumption High School 0.8 mi Catholic 9-12 0 3
      No 4 Joseph Battin School 0.8 mi Public K-8 0 0
      No 51 Donald Stewart Ecc 0.9 mi Public PRESCHOOL-PRESCHOOL 0 0
      Number 1, George Washington Elementary School 1.0 mi Public PRESCHOOL-8 0 2
      A Hamilton Preparatory Academy 1.1 mi Public 10-12 3 0
      T.a. Edison Career And Tech Academy 1.1 mi Public 9-12 1 0
      Blessed Sacrament Elementary School 1.1 mi Catholic PRESCHOOL-8 0 0
      Number 16, Madison-monroe Elementary School 1.1 mi Public PRESCHOOL-8 1 4
      No 23 Nicholas M Butler School 1.1 mi Public PRESCHOOL-8 0 0
      No. 30 Ronald Reagan 1.2 mi Public PRESCHOOL-8 2 4
      No 13 B Franklin School 1.2 mi Public K-8 0 0
      Evangel Day School 1.2 mi Private PRESCHOOL-K 0 0
      Dr. Orlando Edreira Academy No. 26 1.2 mi Public PRESCHOOL-8 3-5 4
      Dr. Antonia Pantoja, School No. 27. 1.3 mi Public PRESCHOOL-8 1 3
      Number 19, Woodrow Wilson Elementary School 1.3 mi Public PRESCHOOL-8 1 4
      No. 28 Duarte-marti School 1.3 mi Public K-8 1 3
      St Patrick High School/academy 1.4 mi Catholic 7-12 0 0
      No 14 A Lincoln School 1.4 mi Public K-8 0 0
      No 52 Dr Martin Luther King Jr Ecc 1.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      No 50 Frances E Smith Ecc 1.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Monsignor Joao S. Antao School No. 31 1.4 mi Public PRESCHOOL-8 5 0
      Number 18, Robert Morris Elementary School 1.5 mi Public K-8 1 3
      Bruriah High School For Girls 1.5 mi Private 7-12 0 0
      Benedictine Academy 1.5 mi Catholic 9-12 0 4
      School 29 Albert Einstein Academy 1.6 mi Public PRESCHOOL-8 2-5 4
      Number 12, Elmora Elementary School 1.7 mi Public PRESCHOOL-8 1 4
      Jewish Education Center 1.7 mi Private - 0 0
      Yeshiva Of Elizabeth 1.7 mi Private PRESCHOOL-6 0 0
      Rav Teitz Mesivta Academy 1.7 mi Private 6-12 0 0
      St. Genevieve School 2.0 mi Catholic PRESCHOOL-8 0 5
      Number 21, Victor Mravlag Elementary School 2.4 mi Public PRESCHOOL-8 3 5
      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: GreatSchools.org and Onboard Informatics 2014
      Local Weather for Elizabeth, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.