Is Broadlands, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadlands is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Broadlands has remained a Seller's Market.

Key Takeaway

Broadlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Broadlands, CO

How much do homes in Broadlands, CO cost?

Median Sold Price

$608,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,000(-2.3%)

Key Takeaway

Homes in Broadlands have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Broadlands was $608,000 in November 2024, down 2.3% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $461K$445K
-3.5%
3 $620K$635K
+2.4%
4 $690K$802.5K
+16.3%
5+ $1.3M$1.0M
-23.3%

Summary: Broadlands housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 23.3%.

Housing Supply in Broadlands, CO

How many homes are available in Broadlands, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3335+6.1%

Summary: The Broadlands real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1516
+6.7%
3 76
-14.3%
4 36
+100.0%
5+ 87
-12.5%

Summary: The Broadlands 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 6.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadlands, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Broadlands in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Broadlands, CO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days44 Days+188.5%

Summary: Homes in Broadlands had an average of 44 days on market in Nov 2024, up by 188.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Broadlands; 57% of homes were sold within 30 days, 29% 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 17 Days Ago

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MLS Disclaimers and Copyright

Based on information from REColorado for the period 12/01/2022 - 12/01/2024

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Last updated on: 12/18/2024, 12:57:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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