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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Teller County is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Teller County has remained a Buyer's Market.

Key Takeaway

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

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

+$108,500(+21.7%)

Key Takeaway

Homes in Teller County have sold for 21.7% more than they did a month ago.

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

# BEDSApr 2024May 2024CHANGE
1 $261K$50K
-80.8%
2 $419.5K$377.2K
-10.1%
3 $565K$589K
+4.2%
4 $715K$650K
-9.1%
5+ -$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
+21.7%
Fremont County
+10.3%

Housing Supply in Teller County, CO

How many homes are available in Teller County, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
268436+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

# BEDSApr 2024May 2024CHANGE
1 1318
+38.5%
2 4376
+76.7%
3 118203
+72.0%
4 5991
+54.2%
5+ 3548
+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 2024May 2024CHANGE
2128+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Teller County, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.

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 2024May 2024CHANGE
50 Days68 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 Teller County, CO

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What housing markets are near Teller County, CO?