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 September 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

$608,250

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,250(+1.4%)

Key Takeaway

Homes in Broadlands have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Broadlands was $608,250 in September 2024, up 1.4% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $454K$445K
-2.0%
3 $600K$618K
+3.0%
4 $650K$799K
+22.9%
5+ $1.3M$1.0M
-24.5%

Summary: Broadlands housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 24.5%.

Housing Supply in Broadlands, CO

How many homes are available in Broadlands, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3039+30.0%

Summary: The Broadlands real estate market had 39 homes for sale in September 2024, a 30.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1719
+11.8%
3 57
+40.0%
4 46
+50.0%
5+ 47
+75.0%

Summary: The Broadlands housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were 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. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Broadlands in September 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
21 Days58 Days+173.9%

Summary: Homes in Broadlands had an average of 58 days on market in Sep 2024, up by 173.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Broadlands has remained consistent over time.

Summary: During September 2024, 7 homes were sold in Broadlands; 14% of homes were sold within 30 days, 71% 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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