Real Estate Market Update for Elizabeth, NJ
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 26% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 39%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 190-thousand dollars. The number of units sold decreased 28% year-over-year, and decreased 7% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 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 PRESCHOOL-4 0 4
      St Anthony School 0.4 mi Catholic PRESCHOOL-8 0 0
      No 3 Nicholas S Lacorte Peterstown School 0.5 mi Public K-8 1 3
      No 2 Winfield Scott School 0.5 mi Public PRESCHOOL-8 1 3
      John E Dwyer Technology Academy 0.6 mi Public 9-12 0 0
      Elizabeth High School 0.6 mi Public 9-12 5 2
      Admiral William F Halsey Jr Leadership Academy 0.6 mi Public 9-12 0 5
      No 25 Charles Hudson School 0.7 mi Public K-8 1 1
      No 20 John Marshall School 0.7 mi Public K-8 1 2
      No 6 Lafayette 0.7 mi Public PRESCHOOL-8 1 2
      Elizabeth Day 0.7 mi Public 7-12 0 0
      No 15 C Columbus School 0.8 mi Public K-8 1 4
      No 7 Terence Reilly School 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 1 3
      George W herlich Juv det ctr 0.9 mi Public 7-12 0 0
      No 51 Donald Stewart Ecc 0.9 mi Public PRESCHOOL-PRESCHOOL 0 0
      Alexander Hamilton Prepetory Academy 1.1 mi Public 10-12 3 0
      Thomas A Edison Career & Technical Academy 1.1 mi Public 9-12 1 0
      Blessed Sacrament Elementary School 1.1 mi Catholic PRESCHOOL-8 0 0
      No 16 Madison Monroe School 1.1 mi Public PRESCHOOL-8 1 4
      No 23 Nicholas M Butler School 1.1 mi Public K-8 1 2
      No 30 Ronald Reagan Academy School 1.2 mi Public PRESCHOOL-8 2 4
      No 13 B Franklin School 1.2 mi Public K-8 1 4
      Evangel Day School 1.2 mi Private PRESCHOOL-K 0 0
      No 26 Dr Orlando Edreira Academy School 1.2 mi Public PRESCHOOL-8 3-5 4
      No 27 Dr Antonia Pantoja School 1.3 mi Public PRESCHOOL-8 1 3
      No 19 Woodrow Wilson 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 3 4
      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
      No 21 Victor Mravlag School 1.4 mi Public PRESCHOOL-8 3 4
      No 31 Monsignor Joao Antao School 1.4 mi Public PRESCHOOL-8 5 4
      No 18 Robert Morris 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
      No 29 Dr Albert Einstein Academy 1.6 mi Public PRESCHOOL-8 2-5 4
      No 12 Elmora 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
      No 1 G Washington School 4.1 mi Public PRESCHOOL-8 0 2
      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 © 2015
      Local Weather for Elizabeth, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.