Is Black Forest-Peyton, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Black Forest-Peyton was a Seller's Market.
Housing Prices in Black Forest-Peyton, CO
How much do homes in Black Forest-Peyton, CO cost?
Median Sold Price
$706,333
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Black Forest-Peyton was $706,333 in May 2024, down 1.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $368K | $455K | +23.6% |
3 Bedrooms | $505K | $529K | +4.8% |
4 Bedrooms | $650K | $709K | +9.1% |
5+ Bedrooms | $799.9K | $802.5K | 0.3% |
Summary: Black Forest-Peyton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Colorado Springs | $475K | $475K | 0.0% |
Elsmere | $474.9K | $469K | -1.2% |
Black Forest-Peyton | $716.1K | $706.3K | -1.4% |
Peyton | $572K | $550K | -3.8% |
Housing Supply in Black Forest-Peyton, CO
How many homes are available in Black Forest-Peyton, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
576 | 850 | +47.6% |
Summary: The Black Forest-Peyton real estate market had 850 homes for sale in May 2024, a 47.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 15 | 24 | +60.0% |
3 Bedrooms | 125 | 173 | +38.4% |
4 Bedrooms | 194 | 276 | +42.3% |
5+ Bedrooms | 242 | 375 | +55.0% |
Summary: The Black Forest-Peyton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 38.4%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes increased by 55%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 81 | +62.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Black Forest-Peyton in May 2024, up by 62.0% month-over-month. Of the 81 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.
Days on Market for Black Forest-Peyton, CO
How long does it take to sell a home in Black Forest-Peyton, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 33 Days | -13.4% |
Summary: Homes in Black Forest-Peyton had an average of 33 days on market in May 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 81 homes were sold in Black Forest-Peyton; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.