Real Estate Market Update for Elizabeth, NJ
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 up 6% 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 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 150-thousand dollars. The number of units sold increased 64% year-over-year, and increased 64% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Lacorte Peterstown 0.5 mi Public K-8 1 3
      Number 2, Winfield Scott Elementary School 0.5 mi Public PRESCHOOL-8 1 3
      T Jefferson Arts Academy 0.5 mi Public 9-12 1 0
      John E Dwyer Tech Academy 0.6 mi Public 9-12 0 0
      Elizabeth High School 0.6 mi Public 9-12 5 2
      Adm 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 K-8 1 2
      Number 6, Marquis Delafayette Elementary School 0.7 mi Public PRESCHOOL-8 1 2
      Elizabeth Day 0.7 mi Public 7-12 0 0
      Number 15, Christopher Columbus Elementary School 0.8 mi Public K-8 1 4
      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 John Battin Elementary School 0.8 mi Public K-8 1 3
      George W herlich Juv det center 0.9 mi Public 7-12 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 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
      Number 23, N.m. Butler Elementary School 1.1 mi Public PRESCHOOL-8 1 2
      No 30 Ronald Reagan 1.2 mi Public PRESCHOOL-8 2 4
      Number 13, Benjamin Franklin Elementary School 1.2 mi Public K-8 1 4
      Evangel Day School 1.2 mi Private PRESCHOOL-K 0 0
      No 26 Edreira Academy 1.2 mi Public PRESCHOOL-8 3-5 4
      No 27 Dr Antonio Pantoja 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
      Number 14, Abraham Lincoln Elementary 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
      Number 21, Victor Mravlag Elementary School 1.4 mi Public PRESCHOOL-8 3 5
      No 22 William F Halloran 1.4 mi Public PRESCHOOL-8 5 4
      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
      No 29 Dr A 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
      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.