Is Allendale Area, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Allendale Area is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Allendale Area was a Buyer's Market.

Key Takeaway

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

Housing Prices in Allendale Area, CO

How much do homes in Allendale Area, CO cost?

Median Sold Price

$482,809

$346/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$33,191(-6.4%)

Key Takeaway

Homes in Allendale Area have sold for 6.4% less than they did a month ago.

Summary: The median home sold price in Allendale Area was $482,809 in October 2024, down 6.4% from last month, and the median price per square foot was $346.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$255K
N/A
2 $490K$329K
-32.9%
3 $513.5K-
N/A
4 $542K$556.9K
+2.7%
5+ -$580K
N/A

Summary: Allendale Area 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 decreased by 32.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.

Housing Supply in Allendale Area, CO

How many homes are available in Allendale Area, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3138+22.6%

Summary: The Allendale Area real estate market had 38 homes for sale in October 2024, a 22.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 910
+11.1%
3 66
0.0%
4 1012
+20.0%
5+ 46
+50.0%

Summary: The Allendale Area housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Allendale Area, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Allendale Area in October 2024, up by 200.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Allendale Area, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
41 Days53 Days+30.3%

Summary: Homes in Allendale Area had an average of 53 days on market in Oct 2024, up by 30.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Allendale Area has remained consistent over time.

Summary: During October 2024, 12 homes were sold in Allendale Area; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

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