Is Elizabethtown, 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, Elizabethtown has remained a Seller's Market.
Key Takeaway
Elizabethtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elizabethtown, PA
How much do homes in Elizabethtown, PA cost?
Median Sold Price
$310,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elizabethtown have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Elizabethtown was $310,000 in May 2024, up 6.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $225K | +7.1% |
| 3 Bedrooms | $290K | $285K | -1.7% |
| 4 Bedrooms | $351.5K | $421.2K | +19.8% |
| 5+ Bedrooms | $477.5K | $453.5K | -5.0% |
Summary: Elizabethtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Mount Joy Township | $300K | $340K | +13.3% |
| Elizabethtown | $290K | $310K | +6.9% |
| West Donegal Township | $334.9K | $347.5K | +3.7% |
Housing Supply in Elizabethtown, PA
How many homes are available in Elizabethtown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 67 | +15.5% |
Summary: The Elizabethtown real estate market had 67 homes for sale in May 2024, a 15.5% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 31 | 40 | +29.0% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elizabethtown 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 remained the same, 3 bedroom homes increased by 29%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabethtown, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Elizabethtown in May 2024, down by 18.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for Elizabethtown, PA
How long does it take to sell a home in Elizabethtown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 29 Days | +265.4% |
Summary: Homes in Elizabethtown had an average of 29 days on market in May 2024, up by 265.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elizabethtown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Elizabethtown; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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