Is Brighton East Farms, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brighton East Farms is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Brighton East Farms was a Seller's Market.

Key Takeaway

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

Housing Prices in Brighton East Farms, CO

How much do homes in Brighton East Farms, CO cost?

Median Sold Price

$558,500

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$18,500(+3.4%)

Key Takeaway

Homes in Brighton East Farms have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Brighton East Farms was $558,500 in August 2024, up 3.4% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 -$367.5K
N/A
3 $485K$505K
+4.1%
4 $650K$560K
-13.8%
5+ $620K$675K
+8.9%

Summary: Brighton East Farms housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 8.9%.

Housing Supply in Brighton East Farms, CO

How many homes are available in Brighton East Farms, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2531+24.0%

Summary: The Brighton East Farms real estate market had 31 homes for sale in August 2024, a 24.0% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 613
+116.7%
4 76
-14.3%
5+ 1011
+10.0%

Summary: The Brighton East Farms housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 116.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 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 Brighton East Farms, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Brighton East Farms in August 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Brighton East Farms, CO

How long does it take to sell a home in Brighton East Farms, CO?

Average Sale Time

Aug 2023Aug 2024CHANGE
26 Days105 Days+296.2%

Summary: Homes in Brighton East Farms had an average of 105 days on market in Aug 2024, up by 296.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Brighton East Farms are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2024, 1 homes were sold in Brighton East Farms; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 27 Days Ago

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