Is Central Platte Valley & Prospect, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Platte Valley & Prospect is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Central Platte Valley & Prospect was a Seller's Market.

Key Takeaway

Central Platte Valley & Prospect is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Central Platte Valley & Prospect, CO

How much do homes in Central Platte Valley & Prospect, CO cost?

Median Sold Price

$667,500

$616/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,000(-5.7%)

Key Takeaway

Homes in Central Platte Valley & Prospect have sold for 5.7% less than they did a year ago.

Summary: The median home sold price in Central Platte Valley & Prospect was $667,500 in October 2024, down 5.7% from last year, and the median price per square foot was $616.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $570K$510.7K
-10.4%
2 $967.5K$850K
-12.1%
3 $1.1M$1.4M
+24.9%
4 --
N/A
5+ --
N/A

Summary: Central Platte Valley & Prospect housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 24.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Highland
+4.7%
Northwest Denver
-0.7%
Central Platte Valley & Prospect
-5.7%
The Commons
-14.3%
Union Station / Lower Downtown
-25.0%

Housing Supply in Central Platte Valley & Prospect, CO

How many homes are available in Central Platte Valley & Prospect, CO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4648+4.3%

Summary: The Central Platte Valley & Prospect real estate market had 48 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1719
+11.8%
2 2021
+5.0%
3 98
-11.1%
4 00
0.0%
5+ 00
0.0%

Summary: The Central Platte Valley & Prospect housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 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 Platte Valley & Prospect, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Central Platte Valley & Prospect in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Central Platte Valley & Prospect, CO

How long does it take to sell a home in Central Platte Valley & Prospect, CO?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days86 Days+15.2%

Summary: Homes in Central Platte Valley & Prospect had an average of 86 days on market in Oct 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Central Platte Valley & Prospect are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Central Platte Valley & Prospect; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 20 Days Ago

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