Is Briargate Area, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briargate Area is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Briargate Area, CO

How much do homes in Briargate Area, CO cost?

Median Sold Price

$590,000

$210/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$9,000(-1.5%)

Key Takeaway

Homes in Briargate Area have sold for 1.5% less than they did a month ago.

Summary: The median home sold price in Briargate Area was $590,000 in November 2024, down 1.5% from last month, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $309.9K-
N/A
3 $560K$410K
-26.8%
4 $664.2K$590K
-11.2%
5+ $723K$637.9K
-11.8%

Summary: Briargate Area 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 did not change, 3 bedroom homes decreased by 26.8%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Neighborhoods

Briargate
+7.4%
Briargate Area
-1.5%

Housing Supply in Briargate Area, CO

How many homes are available in Briargate Area, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
288336+16.7%

Summary: The Briargate Area real estate market had 336 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 02
+100.0%
2 1618
+12.5%
3 6878
+14.7%
4 106127
+19.8%
5+ 98111
+13.3%

Summary: The Briargate Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2322-4.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briargate Area, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Briargate Area in November 2024, down by 4.3% month-over-month. Of the 22 sold homes, 50% were sold under asking, 18% were sold at asking, and 32% were sold over asking.

Days on Market for Briargate Area, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days36 Days-0.4%

Summary: Homes in Briargate Area had an average of 36 days on market in Nov 2024, down by 0.4% compared to last month.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 22 homes were sold in Briargate Area; 59% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

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