Why Live in Peters
Peterstown, a suburb of Elizabeth, has evolved from its Italian American roots in the 1920s to a diverse neighborhood with a significant Latin American presence, including Cubans, Portuguese, Brazilians, and Puerto Ricans. The area is known for its walkable grid, featuring locally owned eateries and markets like Global Supermarket, La Copa Supermarket, and Citi Grocer, which specialize in Latin products. Dining options are plentiful, with notable spots such as John’s Caffé Pizza & Caterers, Minhoto Restaurant, and Del Porto. The neighborhood hosts the Peterstown Cultural Festival in late July, celebrating its Italian American heritage, along with other cultural events like Portugal Day and parades for Cuba, Peru, and Puerto Rico. Housing in Peterstown includes turn-of-the-century homes and multi-family dwellings, with prices ranging from $300,000 to $800,000. Elizabeth High, a highly rated school, serves the area. Residents enjoy outdoor activities at Mattano Park and along the Elizabeth River Parkway. The Peterstown Community Center offers a community garden and various events. Transportation is convenient, with New Jersey Transit commuter trains providing access to New York City in 40 minutes and Newark in 15 minutes. Future plans include mixed-use developments and a 25-minute ferry to Manhattan, potentially increasing housing demand.
Home Trends in Peters, NJ
On average, homes in Peters, Elizabeth sell after 30 days on the market compared to the national average of 52 days. The median sale price for homes in Peters, Elizabeth over the last 12 months is $450,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$450,000
Median Single Family Sale Price
$479,000
Median Townhouse Sale Price
$420,000
Number of Homes for Sale
1
Last 12 months Home Sales
7
Median List Price
$464,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
1%
