Is Elizabeth Park Valley, OH 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 Park Valley has remained a Seller's Market.
Key Takeaway
Elizabeth Park Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elizabeth Park Valley, OH
How much do homes in Elizabeth Park Valley, OH cost?
Median Sold Price
$110,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elizabeth Park Valley have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Elizabeth Park Valley was $110,500 in May 2024, up 10.5% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $29K | - | N/A |
| 2 Bedrooms | $56K | $110K | +96.4% |
| 3 Bedrooms | $120K | $123K | +2.5% |
| 4 Bedrooms | $81K | $106K | +30.9% |
| 5+ Bedrooms | $160K | $116K | -27.5% |
Summary: Elizabeth Park Valley 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 96.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes decreased by 27.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Middlebury | $53K | $74.2K | +40.1% |
| North Hill | $100K | $115K | +15.0% |
| Elizabeth Park Valley | $100K | $110.5K | +10.5% |
| Chapel Hill | $114.5K | $124.5K | +8.7% |
| West Hill | $120K | $116.8K | -2.6% |
Housing Supply in Elizabeth Park Valley, OH
How many homes are available in Elizabeth Park Valley, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Summary: The Elizabeth Park Valley real estate market had 16 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elizabeth Park Valley 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 decreased by 50%, 3 bedroom homes increased by 125%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth Park Valley, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Elizabeth Park Valley in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Elizabeth Park Valley, OH
How long does it take to sell a home in Elizabeth Park Valley, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 36 Days | -1.4% |
Summary: Homes in Elizabeth Park Valley had an average of 36 days on market in May 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elizabeth Park Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Elizabeth Park Valley; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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