$10,000 Closing Credit*
$1,500,000
4,626 SqFt
5 Beds
•2 Full Baths, 2 Partial
Julie Atkinson, Listing Office: RE/MAX ACCORD
Is Elizabeth, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Elizabeth was a Buyer'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, CO
How much do homes in Elizabeth, CO cost?
Median Sold Price
$619,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$80,000(-11.4%)
Key Takeaway
Homes in Elizabeth have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Elizabeth was $619,500 in October 2024, down 11.4% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.1M | N/A |
| 2 Bedrooms | $650K | $435K | -33.1% |
| 3 Bedrooms | $589K | $520K | -11.7% |
| 4 Bedrooms | $657.5K | $638.1K | -2.9% |
| 5+ Bedrooms | $870K | $770K | -11.5% |
Summary: Elizabeth housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.1%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in Elizabeth, CO
How many homes are available in Elizabeth, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 201 | 196 | -2.5% |
Summary: The Elizabeth real estate market had 196 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 79 | 71 | -10.1% |
| 4 Bedrooms | 64 | 66 | +3.1% |
| 5+ Bedrooms | 52 | 54 | +3.8% |
Summary: The Elizabeth housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 34 | -17.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in Elizabeth in October 2024, down by 17.1% month-over-month. Of the 34 sold homes, 35% were sold under asking, 53% were sold at asking, and 12% were sold over asking.
Days on Market for Elizabeth, CO
How long does it take to sell a home in Elizabeth, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 37 Days | -37.5% |
Summary: Homes in Elizabeth had an average of 37 days on market in Oct 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 34 homes were sold in Elizabeth; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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