Is Elizabethport, NJ 07206 a buyer’s or seller’s market?
Elizabethport is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
#99 of 112 ZIP codes in Essex, Morris, Union, Sussex & Hunterdon, NJ, and #373 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The Elizabethport housing market right now
In the three months ending August 31, 2026, 58% of homes in Elizabethport, NJ 07206 sold above their list price, the typical home went under contract in 38 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 32 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (31 days then) and the median sale price fell 6% to $664,712. Overall, Elizabethport is less competitive than a year ago, which gives buyers more room.
Within Union County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Elizabethport ranks #279 of 444 NJ ZIP codes with enough sales (score 71 out of 100).
Nearby, New Providence 07974 (91% sold over asking) and Berkeley Heights 07922 (85% sold over asking) are even more competitive.
Run the numbers for 07206
Nearby markets
Berkeley Heights 07922Seller’s market $504 /sq ftClark 07066Seller’s market $413 /sq ftCranford 07016Seller’s market $469 /sq ftElizabeth 07201Balanced $296 /sq ft Browse all markets →Towns like Elizabethport nearby
Find towns like Elizabethport in other states →Where Elizabethport is
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Questions about Elizabethport real estate
Is Elizabethport a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Elizabethport, NJ 07206 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Elizabethport?
The typical home went under contract in 38 days in the latest three months.
Do homes in Elizabethport sell over asking?
58% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Elizabethport?
About 2.11% of a home’s value a year in Union County, where towns range from 1.48% to 23.41%, or roughly $8,452 on a $400,000 home.
What is the median home price in Elizabethport?
The median sale price was $664,712 in the three months ending August 31, 2026, about $319 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology