Is Woodland Park, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodland Park is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Woodland Park was a Neutral Market.

Key Takeaway

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

Housing Prices in Woodland Park, CO

How much do homes in Woodland Park, CO cost?

Median Sold Price

$582,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,900(-1.3%)

Key Takeaway

Homes in Woodland Park have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Woodland Park was $582,000 in May 2024, down 1.3% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$155K
N/A
2 $505K$419.7K
-16.9%
3 $517.5K$575K
+11.1%
4 $730K$715K
-2.1%
5+ -$1.2M
N/A

Summary: Woodland Park 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 decreased by 16.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes did not change.

Housing Supply in Woodland Park, CO

How many homes are available in Woodland Park, CO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
125198+58.4%

Summary: The Woodland Park real estate market had 198 homes for sale in May 2024, a 58.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 57
+40.0%
2 1729
+70.6%
3 5177
+51.0%
4 2748
+77.8%
5+ 2537
+48.0%

Summary: The Woodland Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 70.6%, 3 bedroom homes increased by 51%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 48%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodland Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Woodland Park in May 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.

Days on Market for Woodland Park, CO

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

Average Sale Time

May 2023May 2024CHANGE
20 Days53 Days+166.8%

Summary: Homes in Woodland Park had an average of 53 days on market in May 2024, up by 166.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Woodland Park; 64% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% 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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