Is Black Forest, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Forest is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Black Forest, CO

How much do homes in Black Forest, CO cost?

Median Sold Price

$1,000,000

$295/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$28,750(-2.8%)

Key Takeaway

Homes in Black Forest have sold for 2.8% less than they did a month ago.

Summary: The median home sold price in Black Forest was $1,000,000 in October 2024, down 2.8% from last month, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $669K$559K
-16.4%
4 $1.8M-
N/A
5+ $1.0M$1.2M
+20.1%

Summary: Black Forest 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 did not change, 3 bedroom homes decreased by 16.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 20.1%.

Housing Supply in Black Forest, CO

How many homes are available in Black Forest, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
135148+9.6%

Summary: The Black Forest real estate market had 148 homes for sale in October 2024, a 9.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1619
+18.8%
4 3942
+7.7%
5+ 7986
+8.9%

Summary: The Black Forest 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 increased by 18.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
411+175.0%

Asking Price vs. Sold Price

10 Homes Were 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 Black Forest, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Black Forest in October 2024, up by 175.0% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.

Days on Market for Black Forest, CO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
79 Days60 Days-24.8%

Summary: Homes in Black Forest had an average of 60 days on market in Oct 2024, down by 24.8% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Black Forest; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 16 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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