Is Elizabeth, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elizabeth is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 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, WV

How much do homes in Elizabeth, WV cost?

Median Sold Price

$185,500

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$24,000(+14.9%)

Key Takeaway

Homes in Elizabeth have sold for 14.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $160K-
N/A
3 $161.5K$185.5K
+14.9%
4 --
N/A
5+ $207.5K-
N/A

Summary: Elizabeth housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Elizabeth, WV

How many homes are available in Elizabeth, WV?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
108-20.0%

Summary: The Elizabeth real estate market had 8 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 32
-33.3%
4 12
+100.0%
5+ 10
-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 decreased by 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elizabeth, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Elizabeth in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Elizabeth, WV

How long does it take to sell a home in Elizabeth, WV?

Average Sale Time

Sep 2024Oct 2024CHANGE
43 Days22 Days-48.8%

Summary: Homes in Elizabeth had an average of 22 days on market in Oct 2024, down by 48.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Elizabeth are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Elizabeth; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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