Why Live in Bayway
Bayway, located in Elizabeth, has evolved from its oil refinery roots into a neighborhood with a growing housing market and convenient access to transportation routes. The area features a mix of colonial and slightly Victorian multifamily homes, many with sharp gabled rooflines, bay windows, and symmetrical bases. Newer single-owner homes built in the 2020s showcase modern Craftsman styles with stone accents. Elizabeth High, a highly rated school, serves the community, offering strong academics and diverse extracurricular activities, including a robotics club. Bayway boasts several green spaces, such as Caldwell Park and Mattano Park, which provide recreational facilities like skate parks, athletic fields, and spray parks. The neighborhood's dining scene is diverse, with numerous Latin American restaurants, including Cuban, Peruvian, and Colombian options, as well as casual eateries like Santillo's Brick Oven Pizza. For shopping, residents frequent Seabra's Market, Shop Rite, and The Mills at Jersey Garden mall. Commuters benefit from proximity to Interstate 278, Interstate 95, and the Goethals Bridge, making the 18-mile trip to New York City manageable. Newark International Airport and Newark Penn Station are also nearby. Despite its industrial history and environmental concerns related to the local refinery, Bayway's crime rate is comparable to the national average.
Home Trends in Bayway, NJ
On average, homes in Bayway, Elizabeth sell after 79 days on the market compared to the national average of 70 days. The median sale price for homes in Bayway, Elizabeth over the last 12 months is $477,275, down 65% from the median home sale price over the previous 12 months.
Median Sale Price
$477,275
Median Single Family Sale Price
$380,000
Median Townhouse Sale Price
$349,000
Median 2 Bedroom Sale Price
$477,275
Average Price Per Sq Ft
$233
Number of Homes for Sale
4
Last 12 months Home Sales
32
Median List Price
$477,275
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-65%
