Is Black Forest, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Black Forest has remained a Buyer's Market.
Housing Prices in Black Forest, CO
How much do homes in Black Forest, CO cost?
Median Sold Price
$903,500
$305/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Black Forest was $903,500 in May 2024, down 4.9% from last month, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $675K | $765K | +13.3% |
4 Bedrooms | - | $985K | N/A |
5+ Bedrooms | $1.6M | $1.2M | -27.0% |
Summary: Black Forest housing prices by bedroom type for May 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 13.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 27%.
Housing Supply in Black Forest, CO
How many homes are available in Black Forest, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 130 | +36.8% |
Summary: The Black Forest real estate market had 130 homes for sale in May 2024, a 36.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 30 | 43 | +43.3% |
5+ Bedrooms | 43 | 61 | +41.9% |
Summary: The Black Forest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes increased by 41.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Black Forest in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 Days | 47 Days | +427.8% |
Summary: Homes in Black Forest had an average of 47 days on market in May 2024, up by 427.8% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Black Forest; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.