$1,484 Closing Credit*
$125,000
Owen Kulp, Listing Office: Lifespace Real Estate Co.
Is Elizabeth, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$185,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+2.8%)
Key Takeaway
Homes in Elizabeth have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Elizabeth was $185,000 in October 2024, up 2.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $120.5K | $150K | +24.5% |
| 3 Bedrooms | $212.4K | $191.9K | -9.7% |
| 4 Bedrooms | $210K | $283K | +34.8% |
| 5+ Bedrooms | $140K | $22.5K | -83.9% |
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 increased by 24.5%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 34.8%, and 5+ bedroom homes decreased by 83.9%.
Median Sold Price Compared To Nearby Cities
| Jefferson Hills | $301.2K | $321.2K | +6.6% |
| Elizabeth | $180K | $185K | +2.8% |
| Elizabeth Township | $179.9K | $184K | +2.3% |
Housing Supply in Elizabeth, PA
How many homes are available in Elizabeth, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Elizabeth real estate market had 34 homes for sale in October 2024, a 17.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
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 increased by 133.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 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 6 homes were sold or pending in Elizabeth in October 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 48 Days | +287.5% |
Summary: Homes in Elizabeth had an average of 48 days on market in Oct 2024, up by 287.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was 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, 6 homes were sold in Elizabeth; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
