$7,659 Closing Credit*
$645,000
2,724 SqFt
6 Beds
•3 Full Baths, 1 Partial
Alexis Adkins, Listing Office: Retriever Homes
Is Allendale Area, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Allendale Area has remained a Seller'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
$565,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,495(-4.8%)
Key Takeaway
Homes in Allendale Area have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Allendale Area was $565,000 in November 2024, down 4.8% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $255K | -11.8% |
| 2 Bedrooms | $350K | $336K | -4.0% |
| 3 Bedrooms | $580K | $545K | -6.0% |
| 4 Bedrooms | $620.3K | $592.5K | -4.5% |
| 5+ Bedrooms | $660K | $652.5K | -1.1% |
Summary: Allendale Area housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 1.1%.
Housing Supply in Allendale Area, CO
How many homes are available in Allendale Area, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 28 | -26.3% |
Summary: The Allendale Area real estate market had 28 homes for sale in November 2024, a 26.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Allendale Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Allendale Area, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Allendale Area in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -4.3% |
Summary: Homes in Allendale Area had an average of 25 days on market in Nov 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Allendale Area are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Allendale Area; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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