$10,000 Closing Credit*
$897,500
1,531 SqFt
3 Beds
•2 Full Baths
Listing Office: COMPASS
Is Elizabeth, NC 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elizabeth, NC
How much do homes in Elizabeth, NC cost?
Median Sold Price
$830,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$102,800(+14.1%)
Key Takeaway
Homes in Elizabeth have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Elizabeth was $830,000 in November 2024, up 14.1% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297K | $335K | +12.8% |
| 2 Bedrooms | $326K | $335K | +2.8% |
| 3 Bedrooms | $823.5K | $879.3K | +6.8% |
| 4 Bedrooms | $983.6K | $1.0M | +4.7% |
| 5+ Bedrooms | $1.2M | $1.2M | +4.9% |
Summary: Elizabeth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Elizabeth | $727.2K | $830K | +14.1% |
| Grier Heights | $454.9K | $399.7K | -12.1% |
| Belmont | $740K | $599K | -19.1% |
| Chantilly | $1.1M | $922K | -20.5% |
Housing Supply in Elizabeth, NC
How many homes are available in Elizabeth, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Elizabeth real estate market had 31 homes for sale in November 2024, a 10.7% increase 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabeth, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Elizabeth in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Elizabeth, NC
How long does it take to sell a home in Elizabeth, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 24 Days | +71.3% |
Summary: Homes in Elizabeth had an average of 24 days on market in Nov 2024, up by 71.3% compared to last year.
Breakdown of Home Sale Times
2 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 November 2024, 3 homes were sold in Elizabeth; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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