Is Teller County, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Teller County has remained a Buyer's Market.
Housing Prices in Teller County, CO
How much do homes in Teller County, CO cost?
Median Sold Price
$608,500
$288/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Teller County was $608,500 in May 2024, up 21.7% from last month, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $261K | $50K | -80.8% |
2 Bedrooms | $419.5K | $377.2K | -10.1% |
3 Bedrooms | $565K | $589K | +4.2% |
4 Bedrooms | $715K | $650K | -9.1% |
5+ Bedrooms | - | $2.3M | N/A |
Summary: Teller County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 80.8%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Teller County | $500K | $608.5K | +21.7% |
Fremont County | $398.9K | $440K | +10.3% |
Housing Supply in Teller County, CO
How many homes are available in Teller County, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
268 | 436 | +62.7% |
Summary: The Teller County real estate market had 436 homes for sale in May 2024, a 62.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 18 | +38.5% |
2 Bedrooms | 43 | 76 | +76.7% |
3 Bedrooms | 118 | 203 | +72.0% |
4 Bedrooms | 59 | 91 | +54.2% |
5+ Bedrooms | 35 | 48 | +37.1% |
Summary: The Teller County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 76.7%, 3 bedroom homes increased by 72%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes increased by 37.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Teller County in May 2024, up by 33.3% month-over-month. Of the 28 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Teller County, CO
How long does it take to sell a home in Teller County, CO?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 Days | 68 Days | +35.3% |
Summary: Homes in Teller County had an average of 68 days on market in May 2024, up by 35.3% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Teller County; 43% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.