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 Last Month

Since last month, Black Forest-Peyton has remained a Buyer's 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

$765,000

$223/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$30,000(+4.1%)

Key Takeaway

Homes in Black Forest-Peyton have sold for 4.1% more than they did a month ago.

Summary: The median home sold price in Black Forest-Peyton was $765,000 in November 2024, up 4.1% from last month, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $735K$330K
-55.1%
3 $467.3K$540.5K
+15.7%
4 $699K$707.5K
+1.2%
5+ $930K$850K
-8.6%

Summary: Black Forest-Peyton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.1%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Cities

Calhan
+20.5%
Colorado Springs
+6.2%
Elsmere
+4.7%
Black Forest-Peyton
+4.1%

Housing Supply in Black Forest-Peyton, CO

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
713764+7.2%

Summary: The Black Forest-Peyton real estate market had 764 homes for sale in November 2024, a 7.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1518
+20.0%
3 127141
+11.0%
4 231260
+12.6%
5+ 339344
+1.5%

Summary: The Black Forest-Peyton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 1.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6163+3.3%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

9 Homes Were 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. 60.3% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in Black Forest-Peyton in November 2024, up by 3.3% month-over-month. Of the 63 sold homes, 60% were sold under asking, 25% were sold at asking, and 14% 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 2024Nov 2024CHANGE
45 Days60 Days+30.7%

Summary: Homes in Black Forest-Peyton had an average of 60 days on market in Nov 2024, up by 30.7% compared to last month.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

17 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 November 2024, 63 homes were sold in Black Forest-Peyton; 40% of homes were sold within 30 days, 33% 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 17 Days Ago

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