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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baker is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Baker was a Seller's Market.

Key Takeaway

Baker is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Baker, CO

How much do homes in Baker, CO cost?

Median Sold Price

$559,500

$486/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$63,000(-10.1%)

Key Takeaway

Homes in Baker have sold for 10.1% less than they did a year ago.

Summary: The median home sold price in Baker was $559,500 in October 2024, down 10.1% from last year, and the median price per square foot was $486.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $407.5K$372.5K
-8.6%
2 $606K$542.4K
-10.5%
3 $722.5K$782.5K
+8.3%
4 $753K$880K
+16.9%
5+ $917.5K$1.1M
+24.2%

Summary: Baker housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 24.2%.

Housing Supply in Baker, CO

How many homes are available in Baker, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3439+14.7%

Summary: The Baker real estate market had 39 homes for sale in October 2024, a 14.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 78
+14.3%
2 1213
+8.3%
3 78
+14.3%
4 78
+14.3%
5+ 12
+100.0%

Summary: The Baker housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baker, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Baker in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Baker, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days37 Days+33.1%

Summary: Homes in Baker had an average of 37 days on market in Oct 2024, up by 33.1% 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 Baker are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Baker; 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 21 Days Ago

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Based on information from REColorado for the period 11/01/2022 - 11/01/2024

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Last updated on: 11/22/2024, 10:12:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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