The Downtown Elizabeth housing market is somewhat competitive. The median sale price of a home in Downtown Elizabeth was $727K last month, up 44.6% since last year.
What is the housing market like in Downtown Elizabeth today?
In January 2025, Downtown Elizabeth home prices were up 44.6% compared to last year, selling for a median price of $727K. On average, homes in Downtown Elizabeth sell after 70 days on the market compared to 34 days last year. There were 7 homes sold in January this year, up from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$727,200
+44.6% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Downtown Elizabeth, NJ
$727,200
+44.6%
United States
To compare other locations to the Downtown Elizabeth and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elizabeth add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Downtown Elizabeth
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How hot is the Downtown Elizabeth housing market?
Downtown Elizabeth is somewhat competitive. Homes sell in 72 days.
0
100
37
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 72 days.
Hot homes
can sell for about 3% above list price and go pending in around 26 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
101.3%
-0.28 pt YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Downtown Elizabeth, NJ
101.3%
-0.28 pt
United States
View houses in Downtown Elizabeth that sold recently
Learn about schools in the Downtown Elizabeth area
Elementary
Middle
High
GreatSchools Rating
5/10
No 27 Dr Antonio Pantoja
Public • PreK-8
906
Students
5 reviews
3/10
Number 23, N.M. Butler Elementary School
Public • K-8
750
Students
5 reviews
3/10
Number 2, Winfield Scott Elementary School
Public • PreK-8
635
Students
2 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Elizabeth housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Elizabeth.
Flood Factor - Moderate
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Elizabeth has a moderate risk of flooding. 270 properties in Downtown Elizabeth are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Downtown Elizabeth. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Elizabeth has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Elizabeth is most at risk from hurricanes. 1,718 properties in Downtown Elizabeth have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 81 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 93 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Downtown Elizabeth has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Elizabeth have a Severe Heat Factor®.
Downtown Elizabeth is expected to see a 114% increase in the number of days over 100ºF over the next 30 years. Downtown Elizabeth is expected to experience 7