Is Black Forest-Peyton, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Forest-Peyton is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Black Forest-Peyton was a Seller's Market.

Key Takeaway

Black Forest-Peyton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$9,766(-1.4%)

Key Takeaway

Homes in Black Forest-Peyton have sold for 1.4% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $368K$455K
+23.6%
3 $505K$529K
+4.8%
4 $650K$709K
+9.1%
5+ $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
0.0%
Elsmere
-1.2%
Black Forest-Peyton
-1.4%
Peyton
-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 2024May 2024CHANGE
576850+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

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 1524
+60.0%
3 125173
+38.4%
4 194276
+42.3%
5+ 242375
+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 2024May 2024CHANGE
5081+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Forest-Peyton, you may be able to get a good deal. 37% of homes here sold below asking price last month.

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 2023May 2024CHANGE
39 Days33 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Forest-Peyton are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

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