Is Firestone, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Firestone is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Firestone has remained a Seller's Market.

Key Takeaway

Firestone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Firestone, CO

How much do homes in Firestone, CO cost?

Median Sold Price

$585,000

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,200(+5.1%)

Key Takeaway

Homes in Firestone have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Firestone was $585,000 in May 2024, up 5.1% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $377.5K$427.5K
+13.2%
3 $510K$547.5K
+7.4%
4 $584.9K$590K
+0.9%
5+ $625K$661.5K
+5.8%

Summary: Firestone 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 13.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+7.9%
Firestone
+5.1%
Mead
0.4%
Erie-Frederick
-0.1%
Frederick
-3.5%

Housing Supply in Firestone, CO

How many homes are available in Firestone, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7281+12.5%

Summary: The Firestone real estate market had 81 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2424
0.0%
4 2734
+25.9%
5+ 2022
+10.0%

Summary: The Firestone housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2718-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Firestone, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Firestone in May 2024, down by 33.3% month-over-month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for Firestone, CO

How long does it take to sell a home in Firestone, CO?

Average Sale Time

May 2023May 2024CHANGE
19 Days41 Days+112.7%

Summary: Homes in Firestone had an average of 41 days on market in May 2024, up by 112.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 18 homes were sold in Firestone; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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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