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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bessemer is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Bessemer has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Bessemer, CO

How much do homes in Bessemer, CO cost?

Median Sold Price

$210,350

$215/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$12,900(+6.5%)

Key Takeaway

Homes in Bessemer have sold for 6.5% more than they did a month ago.

Summary: The median home sold price in Bessemer was $210,350 in October 2024, up 6.5% from last month, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $175K$188.7K
+7.8%
3 $219.9K$232K
+5.5%
4 --
N/A
5+ --
N/A

Summary: Bessemer housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Bessemer
+6.5%
Mesa Junction
-32.2%

Housing Supply in Bessemer, CO

How many homes are available in Bessemer, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2830+7.1%

Summary: The Bessemer real estate market had 30 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 1010
0.0%
4 46
+50.0%
5+ 33
0.0%

Summary: The Bessemer 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 Bessemer, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Bessemer in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Bessemer, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
118 Days56 Days-52.1%

Summary: Homes in Bessemer had an average of 56 days on market in Oct 2024, down by 52.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Bessemer; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 09/01/2024 - 11/01/2024

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Last updated on: 11/18/2024, 12:57:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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