Is Logan County, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Logan County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Logan County was a Seller's Market.

Key Takeaway

Logan County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Logan County, CO

How much do homes in Logan County, CO cost?

Median Sold Price

$244,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,000(+3.8%)

Key Takeaway

Homes in Logan County have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Logan County was $244,000 in May 2024, up 3.8% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $99K$116K
+17.2%
2 $178.7K$184.5K
+3.2%
3 $233.8K$239K
+2.2%
4 $297.5K$276.5K
-7.1%
5+ $364.9K$400K
+9.6%

Summary: Logan County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Counties

Phillips County
+16.0%
Logan County
+3.8%
Morgan County
+2.9%

Housing Supply in Logan County, CO

How many homes are available in Logan County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
110112+1.8%

Summary: The Logan County real estate market had 112 homes for sale in May 2024, a 1.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1823
+27.8%
3 4043
+7.5%
4 3529
-17.1%
5+ 1515
0.0%

Summary: The Logan County 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 increased by 27.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2014-30.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Logan County, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Logan County in May 2024, down by 30.0% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Logan County, CO

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

Average Sale Time

May 2023May 2024CHANGE
68 Days68 Days-0.1%

Summary: Homes in Logan County had an average of 68 days on market in May 2024, down by 0.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Logan County has remained consistent over time.

Summary: During May 2024, 14 homes were sold in Logan County; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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

Newest Listings in Logan County, CO

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What housing markets are near Logan County, CO?