Home Values

Elizabeth Township Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$104,200

  • 2.0% 1-year change
  • 3.8% 1-year forecast

The median home value in Elizabeth Township is $104,200. Elizabeth Township home values have gone up 2.0% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in Elizabeth Township is $86, which is lower than the Pittsburgh Metro average of $101. The median price of homes currently listed in Elizabeth Township is $129,900 while the median price of homes that sold is $75,824. The median rent price in Elizabeth Township is $595, which is lower than the Pittsburgh Metro median of $969.

Foreclosures will be a factor impacting home values in the next several years. In Elizabeth Township 2.8 homes are foreclosed (per 10,000). This is greater than the Pittsburgh Metro value of 2.7 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Elizabeth Township is 3.9%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Elizabeth Township homeowners underwater on their mortgage is 12.0%, which is higher than Pittsburgh Metro at 10.7%.

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Relative ZHVI
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Elizabeth Township Market Overview

Data through Dec 31, 2014
  • $104,200 ZHVI
  • 3.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $129,900 Median listing price
  • $75,824 Median sale price (Nov 30, 2014)
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Elizabeth Township Market Health

Data through Dec 31, 2014
  • 6.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 12.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.8 homes Elizabeth Township
2.7 homes Pittsburgh Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Forward Township $106,800
White Oak $98,600
Lincoln $81,500
Name Median ZHVI
West Newton $76,300
Liberty $74,900
Port Vue $58,900
Name Median ZHVI
Versailles $58,700
McKeesport $44,700
Clairton $41,800

Listings & Sales

Data through Dec 31, 2014
  • $86 Median list price / sq ft
  • $66 Median sale price / sq ft (Nov 30, 2014)
  • 11.1% Listings with price cut
16.5%
Sold below listing
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Elizabeth Township Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $963 Elizabeth Township
    $1,115 Pittsburgh Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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