Is Banning Lewis Ranch, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Banning Lewis Ranch is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Banning Lewis Ranch has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Banning Lewis Ranch, CO

How much do homes in Banning Lewis Ranch, CO cost?

Median Sold Price

$544,950

$193/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$48,950(+9.9%)

Key Takeaway

Homes in Banning Lewis Ranch have sold for 9.9% more than they did a month ago.

Summary: The median home sold price in Banning Lewis Ranch was $544,950 in December 2024, up 9.9% from last month, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $472.5K-
N/A
3 $435K$500K
+14.9%
4 $570K$544.9K
-4.4%
5+ -$900K
N/A

Summary: Banning Lewis Ranch housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Banning Lewis Ranch
+9.9%
Powers
+6.4%
Stetson Hills
-9.0%

Housing Supply in Banning Lewis Ranch, CO

How many homes are available in Banning Lewis Ranch, CO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
7386+17.8%

Summary: The Banning Lewis Ranch real estate market had 86 homes for sale in December 2024, a 17.8% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 2429
+20.8%
4 1818
0.0%
5+ 1723
+35.3%

Summary: The Banning Lewis Ranch housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 35.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Banning Lewis Ranch, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Banning Lewis Ranch in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.

Days on Market for Banning Lewis Ranch, CO

How long does it take to sell a home in Banning Lewis Ranch, CO?

Average Sale Time

Nov 2024Dec 2024CHANGE
56 Days36 Days-34.8%

Summary: Homes in Banning Lewis Ranch had an average of 36 days on market in Dec 2024, down by 34.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Banning Lewis Ranch are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in Banning Lewis Ranch; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

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