$6,828 Closing Credit*
$575,000
1,992 SqFt
4 Beds
•2 Full Baths, 1 Partial
David Petersmith, Listing Office: Choice Property Brokers LTD
Is Bailey, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bailey was a Seller's Market.
Key Takeaway
Bailey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bailey, CO
How much do homes in Bailey, CO cost?
Median Sold Price
$575,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+1.4%)
Key Takeaway
Homes in Bailey have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Bailey was $575,000 in October 2024, up 1.4% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $314.7K | $277.5K | -11.8% |
| 2 Bedrooms | $450K | $432.5K | -3.9% |
| 3 Bedrooms | $584.9K | $631.5K | +8.0% |
| 4 Bedrooms | $662.5K | $699K | +5.5% |
| 5+ Bedrooms | $698K | $783.2K | +12.2% |
Summary: Bailey housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Evergreen | $910K | $954K | +4.8% |
| Bailey | $567K | $575K | +1.4% |
| Pine | $715K | $705K | -1.4% |
| South Jefferson | $956.5K | $903.3K | -5.6% |
Housing Supply in Bailey, CO
How many homes are available in Bailey, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 88 | +6.0% |
Summary: The Bailey real estate market had 88 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Bailey housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bailey, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Bailey in October 2024, the same as the previous month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Bailey, CO
How long does it take to sell a home in Bailey, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 41 Days | -53.5% |
Summary: Homes in Bailey had an average of 41 days on market in Oct 2024, down by 53.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bailey are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Bailey; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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