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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Forest-Peyton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Black Forest-Peyton was a Neutral Market.

Key Takeaway

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

Housing Prices in Black Forest-Peyton, CO

How much do homes in Black Forest-Peyton, CO cost?

Median Sold Price

$700,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,500(-1.8%)

Key Takeaway

Homes in Black Forest-Peyton have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Black Forest-Peyton was $700,000 in October 2024, down 1.8% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $455K$437.5K
-3.8%
3 $505K$529K
+4.8%
4 $731K$696.8K
-4.7%
5+ $752.5K$821.4K
+9.2%

Summary: Black Forest-Peyton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 9.2%.

Housing Supply in Black Forest-Peyton, CO

How many homes are available in Black Forest-Peyton, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
727875+20.4%

Summary: The Black Forest-Peyton real estate market had 875 homes for sale in October 2024, a 20.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1419
+35.7%
3 113155
+37.2%
4 264294
+11.4%
5+ 335406
+21.2%

Summary: The Black Forest-Peyton 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 increased by 35.7%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 21.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58580.0%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Forest-Peyton, you may be able to get a good deal. 72.4% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Black Forest-Peyton in October 2024, the same as the previous month. Of the 58 sold homes, 72% were sold under asking, 26% were sold at asking, and 2% were sold over asking.

Days on Market for Black Forest-Peyton, CO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days45 Days+49.0%

Summary: Homes in Black Forest-Peyton had an average of 45 days on market in Oct 2024, up by 49% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 58 homes were sold in Black Forest-Peyton; 45% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 14% 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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