07208 Home Values & Market Trends

There are 4 homes currently listed for 07208. 07208 real estate market trends show that home prices range from $449,900 to $825,000, and the median sales price in the 07208 zip code is $482,053.29. The total number of properties sold within the past twelve months is 64. In 07208, 36 properties are in foreclosure, 1 are bank owned properties,and 2 are headed for auction.

07208 Real Estate Market Overview

CityMedian Est. Value
Elizabeth

$ 409,350

$ 240/sqft

Housing Market Summary for 07208

Apr 2023March 2024Change
Median Listing Price$537.5K$446.2K-16.98%
Median Sold Price$437K$446.2K2.11%
Homes For Sale101-90.00%
Homes Sold8735-59.77%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 07208

The median list price of a home in Elizabeth, is $482,053.29. A total of 4 properties are for sale, and the percentage of properties for sale in the zip code is 4.00%. The total count of 07208 properties is 4,003.

Foreclosure
There is 1 cities within 07208; within this cities, the median estimated home value for homes in foreclosure ranges from $893,900 in elizabeth to the lowest value of $209,900 in elizabeth. Foreclosure homes account for 0.00% of properties in 07208 with elizabeth containing 173 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.82% of all residential properties in 07208 with elizabeth containing 159 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 07208; of that cities, the estimated home value for pre-foreclosure homes ranges from $893,900 in elizabeth to the lowest home value of $209,900 in elizabeth.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 07208 ranges from the highest value of $473,800 in elizabeth to the lowest value of $299,400 in elizabeth. Bank owned homes and properties account for 0.02% of properties in 07208. There is 1 cities within 07208; elizabeth containing 3 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    elizabeth has 11 auction properties, the highest number of properties going to auction in a single city in the state of 07208. Auction homes and other auction properties account for 0.05% of all properties in 07208. There is 1 cities within 07208; of that cities, the median estimated home value for homes going to auction ranges from $857,600 in elizabeth to the lowest value of $240,300 in elizabeth.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.10% of residential properties in 07208 with elizabeth containing 22 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 07208; homes for sale in that cities, have a range of median values from $662,400 in elizabeth to the lowest value of $224,700 in elizabeth.
    Sold Homes
    The median value for recently sold homes ranges from $1,093,000 in elizabeth to the lowest price of $197,100 in elizabeth. There is 1 cities within 07208. elizabeth has 354 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.25% of properties in 07208.

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      Guide for 07208

      Market Reports
      Newark Real Estate Market Report, March 2024
      Market Reports
      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      See More Articles
      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      Jersey City Real Estate Thrives with Robust Demand and Strong Growth in February 2024
      Market Reports|posted 18 March 2024

      The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Recently Listed Homes 07208

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