Is Elizabeth Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Elizabeth Township has remained a Seller's Market.
Key Takeaway
Elizabeth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elizabeth Township, PA
How much do homes in Elizabeth Township, PA cost?
Median Sold Price
$190,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elizabeth Township have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Elizabeth Township was $190,000 in May 2024, up 8.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67K | $150K | +123.9% |
| 2 Bedrooms | $127K | $119.7K | -5.7% |
| 3 Bedrooms | $183.5K | $200K | +9.0% |
| 4 Bedrooms | $269.9K | $292K | +8.2% |
| 5+ Bedrooms | $266.2K | $310K | +16.4% |
Summary: Elizabeth Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 123.9%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Elizabeth | $170K | $200K | +17.6% |
| Elizabeth Township | $175K | $190K | +8.6% |
Housing Supply in Elizabeth Township, PA
How many homes are available in Elizabeth Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Summary: The Elizabeth Township real estate market had 58 homes for sale in May 2024, a 20.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 27 | 34 | +25.9% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elizabeth Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Elizabeth Township in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Elizabeth Township, PA
How long does it take to sell a home in Elizabeth Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 36 Days | -5.1% |
Summary: Homes in Elizabeth Township had an average of 36 days on market in May 2024, down by 5.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elizabeth Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Elizabeth Township; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.