$6,531 Closing Credit*
$550,000
1,981 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lori Griffin, Listing Office: Orchard Brokerage LLC
Is Elizabeth, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elizabeth was a Seller's Market.
Key Takeaway
Elizabeth 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, CO
How much do homes in Elizabeth, CO cost?
Median Sold Price
$615,300
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$77,480(-11.2%)
Key Takeaway
Homes in Elizabeth have sold for 11.2% less than they did a year ago.
Summary: The median home sold price in Elizabeth was $615,300 in November 2024, down 11.2% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $899.5K | N/A |
| 2 Bedrooms | $650K | $435K | -33.1% |
| 3 Bedrooms | $585K | $515.5K | -11.9% |
| 4 Bedrooms | $649K | $632.4K | -2.6% |
| 5+ Bedrooms | $900K | $735K | -18.3% |
Summary: Elizabeth housing prices by bedroom type for November 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 11.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 18.3%.
Housing Supply in Elizabeth, CO
How many homes are available in Elizabeth, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 188 | 186 | -1.1% |
Summary: The Elizabeth real estate market had 186 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 70 | 61 | -12.9% |
| 4 Bedrooms | 64 | 67 | +4.7% |
| 5+ Bedrooms | 50 | 55 | +10.0% |
Summary: The Elizabeth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 28 | -17.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in Elizabeth in November 2024, down by 17.6% month-over-month. Of the 28 sold homes, 39% were sold under asking, 50% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +43.9% |
Summary: Homes in Elizabeth had an average of 53 days on market in Nov 2024, up by 43.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 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 November 2024, 28 homes were sold in Elizabeth; 54% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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