Is Elizabeth, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Elizabeth was a Seller's Market.
Key Takeaway
Elizabeth is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elizabeth, PA
How much do homes in Elizabeth, PA cost?
Median Sold Price
$182,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Elizabeth have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Elizabeth was $182,000 in April 2024, up 25.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $134.4K | $126K | -6.3% |
| 3 Bedrooms | $184.9K | $204.5K | +10.6% |
| 4 Bedrooms | $128K | $275.9K | +115.6% |
| 5+ Bedrooms | $140K | $219K | +56.4% |
Summary: Elizabeth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 115.6%, and 5+ bedroom homes increased by 56.4%.
Median Sold Price Compared To Nearby Cities
| Elizabeth | $145K | $182K | +25.5% |
| Jefferson Hills | $321K | $329.9K | +2.8% |
| Elizabeth Township | $184.2K | $185K | 0.4% |
Housing Supply in Elizabeth, PA
How many homes are available in Elizabeth, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The Elizabeth real estate market had 30 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elizabeth housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Elizabeth in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Elizabeth, PA
How long does it take to sell a home in Elizabeth, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 121 Days | 37 Days | -69.3% |
Summary: Homes in Elizabeth had an average of 37 days on market in Apr 2024, down by 69.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elizabeth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Elizabeth; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
