Is 81624, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 81624 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 81624 was a Buyer's Market.

Key Takeaway

81624 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 81624, CO

How much do homes in 81624, CO cost?

Median Sold Price

$810,000

$383/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$450,000(+125.0%)

Key Takeaway

Homes in 81624 have sold for 125% more than they did a month ago.

Summary: The median home sold price in 81624 was $810,000 in November 2024, up 125% from last month, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $360K$810K
+125.0%
4 --
N/A
5+ --
N/A

Summary: 81624 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 125%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 81624, CO

How many homes are available in 81624, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1716-5.9%

Summary: The 81624 real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 98
-11.1%
4 44
0.0%
5+ 22
0.0%

Summary: The 81624 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 81624, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 81624 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 81624, CO

How long does it take to sell a home in 81624, CO?

Average Sale Time

Oct 2024Nov 2024CHANGE
155 Days94 Days-38.9%

Summary: Homes in 81624 had an average of 94 days on market in Nov 2024, down by 38.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 81624 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 81624; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 21 Days Ago

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