Is Elizabeth, CO 80107 a buyer’s or seller’s market?

The Elizabeth housing market right now

In the three months ending August 31, 2026, 12% of homes in Elizabeth, CO 80107 sold above their list price, the typical home went under contract in 58 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 99 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (55 days then) and the median sale price fell 4% to $651,193. Overall, Elizabeth is less competitive than a year ago, which gives buyers more room.

Within Elbert County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Elizabeth ranks #153 of 239 CO ZIP codes with enough sales (score 33 out of 100).

Nearby, buyers who want less competition could look at Simla 80835 (0% sold over asking) or Ramah 80832 (0% sold over asking), while Kiowa 80117 (23% sold over asking) and Elbert 80106 (22% sold over asking) are even more competitive.