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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Akron is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Akron was a Seller's Market.

Key Takeaway

Akron is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Akron, CO

How much do homes in Akron, CO cost?

Median Sold Price

$169,000

$115/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$151,000(-47.2%)

Key Takeaway

Homes in Akron have sold for 47.2% less than they did a month ago.

Summary: The median home sold price in Akron was $169,000 in October 2024, down 47.2% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$129.4K
N/A
3 $320K-
N/A
4 $320K-
N/A
5+ -$355K
N/A

Summary: Akron housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Akron, CO

How many homes are available in Akron, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1718+5.9%

Summary: The Akron real estate market had 18 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 45
+25.0%
4 76
-14.3%
5+ 23
+50.0%

Summary: The Akron housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Akron, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Akron in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Akron, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
25 Days70 Days+173.9%

Summary: Homes in Akron had an average of 70 days on market in Oct 2024, up by 173.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Akron; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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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