Is Elizabeth Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Elizabeth Township was a Seller's Market.
Key Takeaway
Elizabeth Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elizabeth Township, PA
How much do homes in Elizabeth Township, PA cost?
Median Sold Price
$240,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Elizabeth Township have sold for 51.7% more than they did a year ago.
Summary: The median home sold price in Elizabeth Township was $240,500 in March 2024, up 51.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $134.4K | $146.8K | +9.2% |
| 3 Bedrooms | $185.5K | $245K | +32.1% |
| 4 Bedrooms | $299K | $325K | +8.7% |
| 5+ Bedrooms | $140K | $479.9K | +242.8% |
Summary: Elizabeth Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 242.8%.
Median Sold Price Compared To Nearby Cities
| Elizabeth Township | $158.5K | $240.5K | +51.7% |
| Clay Township | $327.5K | $430.5K | +31.5% |
| Newmanstown | $245K | $286K | +16.7% |
| Warwick Township | $380K | $435K | +14.5% |
Housing Supply in Elizabeth Township, PA
How many homes are available in Elizabeth Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The Elizabeth Township real estate market had 30 homes for sale in March 2024, a 9.1% 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 | 17 | 14 | -17.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elizabeth Township 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 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
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 Township, 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 Township in March 2024, down by 28.6% 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 Township, PA
How long does it take to sell a home in Elizabeth Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 12 Days | -83.9% |
Summary: Homes in Elizabeth Township 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Elizabeth Township; 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.
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.