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 Last Month

Since last month, 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

$559,000

$469/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$149,250(+36.4%)

Key Takeaway

Homes in Central Business District have sold for 36.4% more than they did a month ago.

Summary: The median home sold price in Central Business District was $559,000 in November 2024, up 36.4% from last month, and the median price per square foot was $469.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $384.2K$478K
+24.4%
2 $662.5K-
N/A
3 -$640K
N/A
4 --
N/A
5+ --
N/A

Summary: Central Business District housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes did not change, 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 Neighborhoods

Central Business District
+36.4%
Spire
-33.8%

Housing Supply in Central Business District, CO

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4950+2.0%

Summary: The Central Business District real estate market had 50 homes for sale in November 2024, a 2.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2423
-4.2%
2 1820
+11.1%
3 77
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Central Business District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were 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 Central Business District, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Central Business District in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2024Nov 2024CHANGE
89 Days9 Days-89.9%

Summary: Homes in Central Business District had an average of 9 days on market in Nov 2024, down by 89.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Central Business District; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in Central Business District, CO

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