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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing BackCountry is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, BackCountry has remained a Seller's Market.

Key Takeaway

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

Housing Prices in BackCountry, CO

How much do homes in BackCountry, CO cost?

Median Sold Price

$1,500,000

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$137,500(-8.4%)

Key Takeaway

Homes in BackCountry have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in BackCountry was $1,500,000 in October 2024, down 8.4% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$1.1M
N/A
3 $1.3M$1.5M
+16.5%
4 $1.2M$1.2M
-4.0%
5+ $1.7M$1.6M
-6.6%

Summary: BackCountry housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Neighborhoods

Westridge
+1.9%
BackCountry
-8.4%

Housing Supply in BackCountry, CO

How many homes are available in BackCountry, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2025+25.0%

Summary: The BackCountry real estate market had 25 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 01
+100.0%
4 56
+20.0%
5+ 1417
+21.4%

Summary: The BackCountry 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 100%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

4 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 BackCountry, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in BackCountry in October 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for BackCountry, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days49 Days+124.5%

Summary: Homes in BackCountry had an average of 49 days on market in Oct 2024, up by 124.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were 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 BackCountry are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in BackCountry; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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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