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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cascade is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Cascade was a Seller's Market.

Key Takeaway

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

Housing Prices in Cascade, CO

How much do homes in Cascade, CO cost?

Median Sold Price

$180,000

$203/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$435,000(-70.7%)

Key Takeaway

Homes in Cascade have sold for 70.7% less than they did a month ago.

Summary: The median home sold price in Cascade was $180,000 in November 2024, down 70.7% from last month, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $390.5K$180K
-53.9%
3 --
N/A
4 $657.4K-
N/A
5+ --
N/A

Summary: Cascade 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 53.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Manitou Springs
-13.1%
Pikes Peak
-35.4%
Green Mountain Falls
-62.0%
Cascade
-70.7%

Housing Supply in Cascade, CO

How many homes are available in Cascade, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Cascade real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 54
-20.0%
3 22
0.0%
4 42
-50.0%
5+ 12
+100.0%

Summary: The Cascade 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cascade, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cascade in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cascade, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
76 Days164 Days+114.8%

Summary: Homes in Cascade had an average of 164 days on market in Nov 2024, up by 114.8% compared to last month.

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 Cascade are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Cascade; 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 17 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 10/01/2024 - 12/01/2024

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