$7,113 Closing Credit*
$599,000
2,050 SqFt
2 Beds
•3 Baths
Taryn Westberg, Listing Office: Red Lodge Realty
Is Baker, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $407.5K | $372.5K | -8.6% |
| 2 Bedrooms | $606K | $542.4K | -10.5% |
| 3 Bedrooms | $722.5K | $782.5K | +8.3% |
| 4 Bedrooms | $753K | $880K | +16.9% |
| 5+ Bedrooms | $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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 2 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 37 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
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.
Listings courtesy of REColorado as distributed by MLS GRID.
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