Is Elizabeth, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elizabeth has remained a Seller's Market.
Key Takeaway
Elizabeth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elizabeth, PA
How much do homes in Elizabeth, PA cost?
Median Sold Price
$189,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Elizabeth have sold for 37.5% more than they did a year ago.
Summary: The median home sold price in Elizabeth was $189,000 in March 2024, up 37.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $150K | +72.4% |
| 2 Bedrooms | $134K | $126K | -6.0% |
| 3 Bedrooms | $158.5K | $212.4K | +34.0% |
| 4 Bedrooms | $113.7K | $256K | +125.2% |
| 5+ Bedrooms | $140K | $219K | +56.4% |
Summary: Elizabeth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.4%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 34%, 4 bedroom homes increased by 125.2%, and 5+ bedroom homes increased by 56.4%.
Median Sold Price Compared To Nearby Cities
| Elizabeth | $137.5K | $189K | +37.5% |
| Elizabeth Township | $185K | $190K | +2.7% |
| Jefferson Hills | $340K | $329.9K | -3.0% |
Housing Supply in Elizabeth, PA
How many homes are available in Elizabeth, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Elizabeth real estate market had 25 homes for sale in March 2024, a 3.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elizabeth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Elizabeth in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 12 Days | -83.9% |
Summary: Homes in Elizabeth had an average of 12 days on market in Mar 2024, down by 83.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elizabeth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Elizabeth; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
