Is Central Business District, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Business District is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Central Business District has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Central Business District, CO

How much do homes in Central Business District, CO cost?

Median Sold Price

$495,000

$478/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$55,000(-10.0%)

Key Takeaway

Homes in Central Business District have sold for 10% less than they did a year ago.

Summary: The median home sold price in Central Business District was $495,000 in October 2024, down 10% from last year, and the median price per square foot was $478.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $490K$435K
-11.2%
2 $1.0M$650K
-36.6%
3 $843.7K$851K
+0.9%
4 --
N/A
5+ --
N/A

Summary: Central Business District housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.2%, 2 bedroom homes decreased by 36.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Central Business District, CO

How many homes are available in Central Business District, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4751+8.5%

Summary: The Central Business District real estate market had 51 homes for sale in October 2024, a 8.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2726
-3.7%
2 1719
+11.8%
3 36
+100.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Central Business District housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

2 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 Central Business District, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Central Business District in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Central Business District, CO

How long does it take to sell a home in Central Business District, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days89 Days+21.8%

Summary: Homes in Central Business District had an average of 89 days on market in Oct 2024, up by 21.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Central Business District are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in Central Business District; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

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